Behavioural economics has been playing an increasingly important role in public policy the world over, and Canada is no exception. This column outlines the steps Canada is taking towards incorporating insights from the literature into its policies. It also highlights the emphasis that many agencies in Canada are placing on testing their prospective behavioural interventions through randomised control trials.
Robert French, Philip Oreopoulos, 05 December 2016
Gabriel Ahlfeldt, Nancy Holman, 24 September 2016
Good architectural design is a public good, but economists and policymakers lack robust evidence on the impact of well designed architecture on location value when planning spaces. This column verifies the worth of preserving and designing good architectural spaces by analysing the changes in property prices across conservation and non-conservation areas in England. It finds that good design in buildings has a substantial positive impact on location value.
Jean-Philippe Platteau, Catherine Guirkinger, 01 July 2016
Family is a key institution in many countries, particularly developing countries. In this video, Jean-Philippe Platteau and Catherine Guirkinger discuss the role of families in society. In countries where the judicial system is weak, families are important in settling conflicts and can replace formal institutions. Families can also change the impact of public policies. This video was recorded during the conference on “Economic Development and Institutions” held in Paris in June 2016.
Ben Vollaard, 16 June 2016
The situations we find ourselves in determine our behaviour far more than we realise. To show the relevance of this idea to fellow economists, this column presents a natural field experiment that was conducted in an Economics department. The experiment looks at the department members’ honesty in keeping tally of their soda can consumption in the pantry. The honesty rate is shown to depend greatly on the presence of a pen hanging down from the door of the refrigerator, indicating that situational factors are more significant determinants of behaviour than previously realised.