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What Can Economists Learn from Happiness Research?
Frey, Bruno S.; Stutzer, Alois - CESifo - 2001
. We argue that reported subjective well-being is a satisfactory empirical approximation to individual utility and that …
Persistent link: https://www.econbiz.de/10005765884
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International Trade, Risk and the Role of Banks
Niepmann, Friederike; Schmidt-Eisenlohr, Tim - CESifo - 2014
Banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting …
Persistent link: https://www.econbiz.de/10010948821
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Discounting in an Uncertain World - Disentangling the Debate on the Weitzman-Gollier Puzzle
Buchholz, Wolfgang - CESifo - 2014
Under conditions of risk it makes a difference whether the discount rate is determined as an expected present or as an …
Persistent link: https://www.econbiz.de/10010948878
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Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior
Sutter, Matthias; Kocher, Martin G.; Rützler, Daniela; … - CESifo - 2011
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … mass index, are less likely to save money and show worse conduct at school. Experimental measures for risk and ambiguity …
Persistent link: https://www.econbiz.de/10009364730
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Optimal Student Loans and Graduate Tax under Moral Hazard and Adverse Selection
Gary-Bobo, Robert J.; Trannoy, Alain - CESifo - 2013
risky labour-market outcomes, adverse selection, moral hazard and risk aversion. The model combines structured student loans … (redistribution). In separating optima, the talented types bear more risk than the less-talented ones; they arise only if the social …
Persistent link: https://www.econbiz.de/10010668475
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Strong, Bold, and Kind: Self-Control and Cooperation in Social Dilemmas
Kocher, Martin G.; Martinsson, Peter; Myrseth, Kristian … - CESifo - 2013
We develop a model that relates self-control and conflict identification to cooperation patterns in social dilemmas. As predicted, we find in a laboratory public goods experiment a robust association between stronger self-control and higher levels of cooperation. This means that there is...
Persistent link: https://www.econbiz.de/10010639421
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Optimal Policy and the Risk Properties of Human Capital Reconsidered
Anderberg, Dan - CESifo - 2008
This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … demonstrated that a key feature of human capital investments is whether they increase or decrease wage risk. In a benchmark model …
Persistent link: https://www.econbiz.de/10005766081
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How Risky is Investment in Human Capital?
Hartog, Joop; Ophem, Hans van; Bajdechi, Simona Maria - CESifo - 2004
The risk of investment in schooling has largely been ignored. We assess the variance in the rate of return by surveying … positively skewed. Our best guess of ex ante risk in university education is a coefficient of variation of about 0.3, comparable …
Persistent link: https://www.econbiz.de/10005766285
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Retrospective Capital Gains Taxation in the Real World
Menoncin, Francesco; Panteghini, Paolo - CESifo - 2009
even if the risk-free asset return is correlated with other risky assets' returns. However, equivalence fails to hold on an …
Persistent link: https://www.econbiz.de/10004979407
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On the Equivalence between Labor and Consumption Taxation
Panteghini, Paolo - CESifo - 2009
can undertake an active portfolio management strategy by investing in both risk-free and risky assets. Using a two …
Persistent link: https://www.econbiz.de/10005051510