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Effect of Perceptions and Behaviour on Access to and Use of Financial Service: Evidence from South Africa

Annim, Samuel; Arun, Thankom Gopinath; Kostov, Philip - Institute for the Study of Labor (IZA) - 2012

This study investigates the effect of financial perception and behaviour on; (a) general accounts and services, (b … three estimations support the hypothesis that financial perception has a greater effect on the decision to access and use … behaviour is greater than financial perception when making decisions on the take-up and use of investment financial services. It …

Persistent link: https://www.econbiz.de/10010766375

Usage of Financial Services in South Africa: Perceptions Matter

Kostov, Philip; Arun, Thankom Gopinath; Annim, Samuel - Institute for the Study of Labor (IZA) - 2013

This study investigates the access to and usage of financial services in South Africa. Financial services are categorised in three types namely; general accounts and services, investment/savings and insurance/assurance. Taking into account the interactions between usage of different types of...

Persistent link: https://www.econbiz.de/10010766378

Altruism, Fertility, and the Value of Children: Health Policy Evaluation and Intergenerational Welfare

Birchenall, Javier A.; Soares, Rodrigo R. - Institute for the Study of Labor (IZA) - 2007

This paper accounts for the value of children and future generations in the evaluation of health policies. This is achieved through the incorporation of altruism and fertility in a "value of life" type of framework. We are able to express adults’ willingness to pay for changes in child...

Persistent link: https://www.econbiz.de/10005822923

Willingness to Accept Equals Willingness to Pay for Labor Market Estimates of the Value of Statistical Life

Kniesner, Thomas J.; Viscusi, W. Kip; Ziliak, James P. - Institute for the Study of Labor (IZA) - 2012

Our research clarifies the conceptual linkages among willingness to pay for additional safety, willingness to accept less safety, and the value of statistical life (VSL). We present econometric estimates that in the important case of workers' decisions concerning exposure to fatal injury risk...

Persistent link: https://www.econbiz.de/10011096076

Measuring the Willingness to Pay to Avoid Guilt: Estimation Using Equilibrium and Stated Belief Models

Bellemare, Charles; Sebald, Alexander; Strobel, Martin - Institute for the Study of Labor (IZA) - 2010

We estimate structural models of guilt aversion to measure the population level of willingness to pay (WTP) to avoid feeling guilt by letting down another player. We compare estimates of WTP under the assumption that higher-order beliefs are in equilibrium (i.e. consistent with the choice...

Persistent link: https://www.econbiz.de/10008562544

Unwillingness to Pay for Privacy: A Field Experiment

Beresford, Alastair R.; Kübler, Dorothea; Preibusch, Sören - Institute for the Study of Labor (IZA) - 2010

We measure willingness to pay for privacy in a field experiment. Participants were given the choice to buy a maximum of one DVD from one of two online stores. One store consistently required more sensitive personal data than the other, but otherwise the stores were identical. In one treatment,...

Persistent link: https://www.econbiz.de/10008557221

Eingeschränkt rationales Verhalten: Evidenz und wirtschaftspolitische Implikationen

Altmann, Steffen; Falk, Armin; Marklein, Felix - Institute for the Study of Labor (IZA) - 2009

Die Präzision ökonomischer Prognosen und die Qualität politischer Handlungsempfehlungen hängen in entscheidendem Ausmaß von der Qualität des zugrunde liegenden Verhaltensmodells ab. Nur ein empirisch gut fundiertes Modell ökonomischen Handelns erlaubt es, die Konsequenzen politischer...

Persistent link: https://www.econbiz.de/10008615417

Behavioral Economics of Education

Koch, Alexander K.; Nafziger, Julia; Nielsen, Helena Skyt - Institute for the Study of Labor (IZA) - 2014

During the last decade knowledge about human behavior from psychology and sociology has enhanced the field of economics of education. By now research recognizes cognitive skills (as measured by achievement tests) and soft skills (personality traits not adequately measured by achievement tests)...

Persistent link: https://www.econbiz.de/10010959676

Incentives and Information as Driving Forces of Default Effects

Altmann, Steffen; Falk, Armin; Grunewald, Andreas - Institute for the Study of Labor (IZA) - 2013

decision makers' responses to a given default, we argue that this individual decision making perspective is incomplete. Instead … between default setters and decision makers. We provide a theoretical framework to analyze which default options arise in such … default setters and decision makers, and their alignment of interests. We show that default effects are more pronounced if …

Persistent link: https://www.econbiz.de/10010959692

Certainty and Severity of Sanctions in Classical and Behavioral Models of Deterrence: A Survey

Entorf, Horst - Institute for the Study of Labor (IZA) - 2012

This survey summarizes the classical fundamentals of modern deterrence theory, covers major theoretical and empirical findings on the impact of certainty and severity of punishment (and the interplay thereof) as well as underlying methodological problems, gives an overview of limitations and...

Persistent link: https://www.econbiz.de/10011279359