Ranveig Falch, NHH. "How Do People Trade Off Resources Between Quick and Slow Learners?"
ESOP seminar. Ranveig Falch is a postdoctoral fellow at the Norwegian School of Economics. She will present the paper: "How Do People Trade Off Resources Between Quick and Slow Learners?".
Human capital investment is of great importance for society, but raises important distributional concerns. In this paper, I provide the first set of evidence on people's preferences for the distribution of educational resources in society. I conduct the first experiment designed to elicit these preferences, specifically examining how a general population sample of over 2,000 Americans trade off resources between quick and slow learners. I find that they give priority to slow learners, assigning, on average, two thirds of the educational resources to this group. Using treatment manipulations, I find that both cost efficiency and the relative motivations of the learners causally affect the resource allocations, but the priority given to slow learners remains. The findings provide important insights for the present policy debate on how to distribute educational resources in society.