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the household balance sheet, i.e. liabilities and assets. Additionally, we allow the influence of social interaction on … types of debt and financial assets held conditional on holding the different types of debt and assets. The analysis suggests … assets and liabilities. Our analysis also suggests that social interaction is associated with households holding larger …
Persistent link: https://www.econbiz.de/10010959752
practices between schools. Tentative analyses also indicate that counselors reduce students' uncertainty about their own … individual preferences at least to the same extent as uncertainty about objective measures such as employment prospects. …
Persistent link: https://www.econbiz.de/10010884073
mechanism to insure themselves against higher degrees of uncertainty within their host countries. Furthermore, this finding …
Persistent link: https://www.econbiz.de/10011279245
it is due to greater uncertainty faced by agents. Applying the methodology of Cunha, Heckman, and Navarro (2005) to data … predictable and unpredictable components of earnings have increased in recent years. The increase in uncertainty is substantially … greater for unskilled workers. For less skilled workers, roughly 60% of the increase in wage variability is due to uncertainty …
Persistent link: https://www.econbiz.de/10005761726
This paper examines how employment protection legislation affects location decisions of multinationals. Based on a simple theoretical framework, we estimate an empirical model, using OECD-data on bilateral FDI-flows and employment protection indices. We find that, while an "unfavourable"...
Persistent link: https://www.econbiz.de/10005761849
This paper analyses the savings behaviour of natives and immigrants in Germany. It is argued that uncertainty about …
Persistent link: https://www.econbiz.de/10005762210
According to social-psychological research, feelings of uncertainty in decision-making evoke two opposite responses: (i …) reduction of uncertainty by information search, leading to less stereotyping of people, and hence less discrimination; (ii …
Persistent link: https://www.econbiz.de/10008558930
of religious behaviour towards "Theoi" in the laboratory. The theory we test is that, when faced with uncertainty …, individuals attempt to engage in a reciprocal contract with the source of uncertainty by sacrificing towards it. In our … uncertainty is lower. The findings imply that under circumstances of high uncertainty people are willing to sacrifice large …
Persistent link: https://www.econbiz.de/10008560752
This study examines the causal link between individuals' occupational knowledge, educational choices, and labor market outcomes. We proxy occupational knowledge with mandatory visits to job information centers (JICs) in Germany while still attending school. Exogenous variation in the location...
Persistent link: https://www.econbiz.de/10010761636
In this paper we try to understand the phenomena whereby a large proportion of the population evades tax payments. We present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and analyze the connection between the decision of a...
Persistent link: https://www.econbiz.de/10005039642