Behavioral Economics in Education Market Design: A Forward-Looking Review

No 30973, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The rational-choice framework for modeling matching markets has been tremendously useful in guiding the design of school-assignment systems. Despite this success, a large body of work documents deviations from the predictions of this framework that appear influenced by behavioral-economic phenomena. We review these findings and the body of behavioral theories that have been presented as possible explanations. Motivated by this literature, we lay out paths for behavioral economists to be directly useful to education market design.

JEL-codes: D47 D9 (search for similar items in EconPapers)
Date: 2023-02
New Economics Papers: this item is included in nep-des, nep-evo and nep-pke
Note: ED PE
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Citations: View citations in EconPapers (8)

Published as Alex Rees-Jones & Ran Shorrer, 2023. "Behavioral Economics in Education Market Design: A Forward-Looking Review," Journal of Political Economy Microeconomics, vol 1(3), pages 557-613.

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Journal Article: Behavioral Economics in Education Market Design: A Forward-Looking Review (2023)
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