Have you ever wondered which factors determine your life satisfaction? Or whether women really earn less than men?
This year, 30 ambitious high school students were granted the unique opportunity to shed light on these (and other) topics during CERGE-EI’s selective pre-college program “Projects in Applied Economics for Talented Students”.
Over the course of twelve exciting weeks and under the supervision of experienced PhD researchers and candidates, the students broadened their understanding of economics and research methodology, subsequently concluding with conducting their own research projects on different topics.
During the second part of the program, the participants were divided into groups of 5-6 people and were guided through the active research process. Based on their interest, each group picked one out of five topics and conducted hands-on research. The five research topics were:
- The determinants of life satisfaction
- Returns to education
- Would we have better politicians if we paid them higher wages?
- The impact of lifestyle habits on health
- Public procurement contracts and political party contributions
Using real data and the knowledge they had acquired, the participants proceeded to conduct research guided by their tutors. Several students mentioned that it was a unique and valuable opportunity to conduct research at such a young age while being mentored by PhD students and candidates.
In addition to lectures and research projects, the program participants attended a presentation skills workshop by Paul Whitaker, a member of the Academic Skills Center at CERGE-EI, in order to be well prepared for the final presentations session during which they presented the results of their research.
This year, 50 students applied, 30 were accepted, and 26 made it to the final presentations round. During the final presentations, the students presented their findings to other student groups, CERGE-EI faculty and the evaluation committee consisting of Filip Pertold (Researcher, CERGE-EI graduate, 2009), Nikolas Mittag (CERGE-EI Assistant Professor) and Jan Mysliveček (Principal at The Boston Consulting Group, CERGE-EI graduate, 2009).
So which factors determine our life satisfaction?
According to the findings, it helps a lot if you are a woman, as women seem to be happier than men on average. If you are in the unlucky case of being a man, you should get married, get a college degree and try to stay healthy, as these were factors that seemed to contribute to happiness.
And do women earn less than men?
Using data samples from the Czech Statistical Office from 2015 and 2016, the students found that women in the Czech Republic earn on average 29% less than men.
After carefully listening to the findings and giving feedback to each group, the jury announced the winners:
Title: Returns to Education Based on Gender
Research Group: Tomáš Dohnal (Gymnázium Ústavní, Prague), Rebecca E. Gray (Gymnázium Jana Nerudy, Prague), Kateřina Klímová (Gymnázium Joachima Barranda, Beroun), Nina Štěrbová (Gymnázium Oty Pavla, Prague), Kristina Šůsová (Nový PORG, Prague)
The winners of the first prize received a print and digital subscription to the highly renowned The Economist magazine for one year and two international bestsellers: Freakonomics and Super Freakonomics.
Title: Correlation Between Donating to a Political Party and Winning Public Procurement Contracts
Research Group: Bára Bayerová (English College, Prague), Ariel Etlin (English College, Prague), Ondřej Řezák (Gymnázium prof. Jana Patočky, Prague), Alexandr Sušic (Mensa Gymnázium, Prague), Matěj Svoboda (Nový PORG, Prague), Sara Thiry (English College, Prague)
The runners-up received a twelve-week subscription to The Economist magazine and the two bestsellers.
Joint 3rd place:
Title: The Effects of Wages on Quality of Politicians in the Czech Republic
Research Group: Martin Vladyka (English College, Prague), David Mićević (Gymnázium, Prague), Iveta Pudilová (English College, Prague), Valerij Šlovikov (Gymnázium prof. Jana Patočky, Prague)
Title: The Impact of Lifestyle Habits on Health
Research group: Oldřich Jandl (Nový PORG, Prague), Thanh Long Nguyen (Deutsche Schule, Prague), Vendula Rusa (Gymnázium Christiana Doplera, Prague), Adam Tůma (PORG, Prague), Štěpán Vácha (PORG, Prague)
A twelve-week subscription to The Economist magazine and the bestsellers were awarded to the winners of the third prize.
Our congratulations also go to:
Title: Determinants of Life Satisfaction
Research group: Yvona Byrne (English College, Prague), Vít Kohout (Gymnázium Litoměřická, Prague), Viktor Kusala (Deutsche Schule, Prague), Pavel Lehejček (Gymnázium Litoměřická, Prague), Anna Serysheva (Deutsche Schule, Prague), Solomiia Veklenko (Gymnázium Bohumila Hrabala, Nymburk)
For coming in fourth, the group received the two bestsellers for their efforts.
This was the second season of “Projects in Applied Economics for Talented Students”. It was organized and hosted by CERGE-EI, and supported by the Czech Ministry of Education, Youth and Sports.