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Hidden Skewness: On the Difficulty of Multiplicative Compounding under Random Shocks

Ensthaler, Ludwig; Nottmeyer, Olga; Weizsäcker, Georg; … - CESifo - 2014

Multiplicative growth processes that are subject to random shocks often have a skewed distribution of outcomes. In a number of incentivized laboratory experiments we show that a large majority of participants either strongly underestimate skewness or ignore it completely. Participants...

Persistent link: https://www.econbiz.de/10010764292

Organizations, Diffused Pivotality and Immoral Outcomes

Falk, Armin; Szech, Nora - CESifo - 2013

This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for money or to save mice. We compare a Baseline treatment where subjects are fully pivotal to a Diffused-Pivotality treatment where subjects simultaneously choose in groups of...

Persistent link: https://www.econbiz.de/10010877864

Altruistic Punishment in Elections

Aimone, Jason A.; Butera, Luigi; Stratmann, Thomas - CESifo - 2014

Altruistic punishment is a fundamental driver for cooperation in human interactions. In this paper, we expand our understanding of this form of costly punishment to help explain a puzzle of voting behavior: why do people who are indifferent between two potential policy outcomes of an election...

Persistent link: https://www.econbiz.de/10010888449

Preferences for Redistribution and Pensions. What can we Learn from Experiments?

Tausch, Franziska; Potters, Jan; Riedl, Arno - CESifo - 2010

Redistribution is an inevitable feature of collective pension schemes. Nevertheless, it is still an open question what people’s preferences are regarding this form of redistribution. This paper reviews experimental evidence on preferences regarding redistribution and asks what this evidence...

Persistent link: https://www.econbiz.de/10008498990

Let the Market Decide: An Experimental Study of Competition and Fairness

Bartling, Björn; Grieder, Manuel; Zehnder, Christian - CESifo - 2014

Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can trade with one of several sellers. Sellers who feel shortchanged can engage in counterproductive behavior to punish the buyer. We find that the same unfavorable terms of trade...

Persistent link: https://www.econbiz.de/10010781540

Of Morals, Markets and Mice: A Comment on Falk and Szech

Breyer, Friedrich; Weimann, Joachim - CESifo - 2014

A recent experimental study by Falk and Szech (Science, 2013) concludes that „markets erode moral values”. If this were true, economists, who have emphasized the efficiency enhancing effects of markets for centuries, would have to reconsider their judgments fundamentally. This would be no...

Persistent link: https://www.econbiz.de/10010761528

What Do Immigrants Value Most About Switzerland? Evidence of the Relative Importance of Income Taxes

Morger, Mario - CESifo - 2013

indicate that income taxes are a significant pull factor for international migration decisions. The same is true with respect … to intra-national migration. However, dominance analysis suggests that the relative impact of taxes compared to other …

Persistent link: https://www.econbiz.de/10010877741

Why are Educated and Risk-Loving Persons More Mobile Across Regions

Bauernschuster, Stefan; Falck, Oliver; Heblich, Stephan; … - CESifo - 2012

distance-related migration costs cannot explain the lower distance sensitivity of educated and risk-loving individuals. …

Persistent link: https://www.econbiz.de/10010877921

How do Migrants Choose their Destination Country? An Analysis of Institutional Determinants

Geis, Wido; Uebelmesser, Silke; Werding, Martin - CESifo - 2008

For a long time, migration has been subject to intensive economic research. Nevertheless, empirical evidence regarding … the determinants of migration still appears to be incomplete. In this paper, we analyze the effects of socio-economic and … and unemployment benefits have positive effects on migration. Also good education and health systems tend to attract …

Persistent link: https://www.econbiz.de/10005094404

The Influence of Labor Taxes on the Migration of Skilled Workers

Egger, Peter; Radulescu, Doina Maria - CESifo - 2008

This paper investigates empirically the role of taxes on labor for the stock of expatriates and the migration flows of … to see to what extent labour income taxes and social security contributions determine migration flows. We collect data on … tax variables to estimate their effect on bilateral stocks of expatriates into OECD countries and the migration of skilled …

Persistent link: https://www.econbiz.de/10005405984

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