This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey questions and a representative sample of roughly 22,000 individuals living in Germany. Using a question that asks about willingness to take risks in general, on an 11-point...

Typically, laboratory experiments suffer from homogeneous subject pools and self-selection biases. The usefulness of survey data is limited by measurement error and by the questionability of their behavioural relevance. Here we present a method integrating interactive experiments and...

To the best of our knowledge, most of the few methodological studies which analyze the impact of faked interviews on survey results are based on “artificial fakes” generated by project students in a “laboratory environment”. In contrast, panel data provide a unique opportunity to...

Vor dem Hintergrund der weltweiten Finanzmarkt- und Wirtschaftskrise fordern prominente Ökonomen zum Kurshalten in der deutschen Wirtschafts- und Arbeitsmarktpolitik auf. Die Experten legen einen Katalog mit Handlungsempfehlungen vor, der unter anderem die Korrektur falscher Erwerbsanreize...

This paper studies the long‐term impact of societal socialization on values using the example of doping behavior in sports. We apply the German Reunification Approach to the microcosm of Berlin and exploit its 40‐year long division into a capitalist and a communist sector. We deliberately...

There are strong two-way links between parent and child happiness (life satisfaction), even for 'children' who have grown up, moved to their own home and partnered themselves. German panel evidence shows that transmission of (un)happiness from parents to children is partly due to transmission of...