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PRELIMINARY AND INCOMPLETE, PLEASE DO NOT CITE WITHOUT PERMISSION. We develop and estimate an empirical model of the U.S. banking sector using a new data set covering the largest U.S. banks over the period 2002-2013. Our model incorporates insured depositors and run-prone uninsured depositors who have rich preferences over differentiated banks. Banks(More)
The capacity for self-control may underlie successful labor-force entry and job retention, particularly in times of economic uncertainty. Analyzing unemployment data from two nationally representative British cohorts (N = 16,780), we found that low self-control in childhood was associated with the emergence and persistence of unemployment across four(More)
The effect of childhood mental health on later unemployment has not yet been established. In this article we assess whether childhood psychological distress places young people at high risk of subsequent unemployment and whether the presence of economic recession strengthens this relationship. This study was based on 19,217 individuals drawn from two(More)
Psychological Science manuscript #: PSCI-140209.R3 Corresponding author: Dr. Michael Daly Articles accepted to Psychological Science after January 1, 2014, are eligible to earn badges that recognize open scientific practices: publicly available data, material, or preregistered research plans. Please read more about the badges on our Open Practices page, and(More)
RATIONALE Several studies have shown a link between psychological distress in early life and subsequent higher unemployment, but none have used sibling models to account for the unobserved family background characteristics which may explain the relationship. OBJECTIVE This paper uses the National Longitudinal Study of Youth 1997 data to examine whether(More)
OBJECTIVE Low self-control has been linked with smoking, yet it remains unclear whether childhood self-control underlies the emergence of lifetime smoking patterns. We examined the contribution of childhood self-control to early smoking initiation and smoking across adulthood. METHODS 21,132 participants were drawn from 2 nationally representative cohort(More)