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Preference Formation, School Dissatisfaction and Risky Behavior of Adolescents

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  • Louis Lévy-Garboua

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, CIRANO - Centre interuniversitaire de recherche en analyse des organisations - UQAM - Université du Québec à Montréal = University of Québec in Montréal)

  • Youenn Loheac

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Bertrand Fayolle

    (TEAM - UP1 - Université Paris 1 Panthéon-Sorbonne)

Abstract

School dissatisfaction is an important component of the subjective well-being of adolescents associated with "risky behavior" like drug use, unprotected sex, norm violations and illegal behavior. We extend the standard human capital model to joint human investment (education) and disinvestment (risky behavior). Based on this model, we develop a general dynamic framework to analyze the preference formation of children and behavioral change at school. Once an educational norm is set by adults, children can rationally deviate from this norm, while staying at school, after experiencing bad surprises like a school failure. The same type of dynamic equation can be used in a sequence to predict education, satisfaction with school, and a host of risky behavior. We test these assumptions with a unique panel data set on American adolescents attending middle or high school. School dissatisfaction is found to have a significant positive effect upon nine different types of risky behavior.

Suggested Citation

  • Louis Lévy-Garboua & Youenn Loheac & Bertrand Fayolle, 2006. "Preference Formation, School Dissatisfaction and Risky Behavior of Adolescents," Post-Print halshs-00203187, HAL.
    • Handle: RePEc:hal:journl:halshs-00203187
    DOI: 10.1016/j.joep.2005.06.017
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00203187
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    References listed on IDEAS

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    8. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
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    Cited by:

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    2. Heller-Sahlgren, Gabriel, 2018. "Smart but unhappy: Independent-school competition and the wellbeing-efficiency trade-off in education," Economics of Education Review, Elsevier, vol. 62(C), pages 66-81.
    3. Charlotte Cabane & Andrew E. Clark, 2015. "Childhood Sporting Activities andAdult Labour-Market Outcome," Annals of Economics and Statistics, GENES, issue 119-120, pages 123-148.
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    5. Noémie Berlin & Jan Dul & Marco Gazel & Louis Lévy-Garboua & Todd Lubart, 2023. "Creative Cognition as a Bandit Problem," CIRANO Working Papers 2023s-11, CIRANO.
    6. Gibbons, Stephen & Silva, Olmo, 2011. "School quality, child wellbeing and parents' satisfaction," Economics of Education Review, Elsevier, vol. 30(2), pages 312-331, April.
    7. Quis, Johanna Sophie, 2015. "Does higher learning intensity affect student well-being? Evidence from the National Educational Panel Study," BERG Working Paper Series 94, Bamberg University, Bamberg Economic Research Group.
    8. Green, Colin P. & Navarro-Paniagua, María & Ximénez-de-Embún, Domingo P. & Mancebón, María-Jesús, 2014. "School choice and student wellbeing," Economics of Education Review, Elsevier, vol. 38(C), pages 139-150.

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