University of Colorado Boulder, USA, and IZA, Germany
IZA World of Labor role
Associate Professor, University of Colorado Boulder, USA
Labor economics, applied econometrics, public economics.
Assistant Professor, University of Colorado Boulder, USA
PhD Economics, University of Michigan, 2008
“Investment over the business cycle: Insights from college major choice.” Journal of Labor Economics 39:4 (2021): 1043–1082 (with E. Blom and B. J. Keys).
“Immigrants equilibrate local labor markets: Evidence from the Great Recession.” American Economic Journal: Applied Economics 8:1 (2016): 257–290 (with B. K. Kovak).
“Human capital and the lifetime costs of impatience.” American Economic Journal: Economic Policy, 7:3 (2015): 126–153 (with B. J. Keys).
“Can self-control explain avoiding free money? Evidence from interest-free student loans”. Review of Economics and Statistics 95:4 (2013): 1117-1129 (with B. J. Keys).
“Native competition and low-skilled immigrant inflows.” The Journal of Human Resources 48:4 (2013): 910–944.
The labor market consequences of impatience Updated
Some people would be happier if they were required to stay in school longer or search harder for a job while unemployedBrian C. CadenaBenjamin J. Keys, October 2022Standard economic theory suggests that individuals know best how to make themselves happy. Thus, policies designed to encourage more forward-looking behaviors will only reduce people's happiness. Recently, however, economists have explored the role of impatience, especially difficulties with delaying gratification, in several important economic choices. There is strong evidence that some people have trouble following through on investments that best serve their long-term interests. These findings open the door to policies encouraging or requiring more patient behaviors, which would allow people to enjoy the eventual payoff from higher initial investment.MoreLess