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vary. The experiment implements two marginal return types, low and high, and uses the information that members have about … the heterogeneity to identify the applied contribution norm. If agents are aware of the heterogeneity, contributions … aware of the heterogeneity but contributions cannot be linked to types. Our results underline the importance of the …
Persistent link: https://www.econbiz.de/10008868135
Due to Federal regulations, automobile air bag availability was a model-specific discontinuous function of model year for used vehicles in the 1990s and early 2000s. We use these discontinuities and the gradual increase in the supply of air bags to trace out the demand curve for air bags and the...
Persistent link: https://www.econbiz.de/10011252272
regressions with intercept heterogeneity. Latent heterogeneity is econometrically important and affects the estimated VSL. Our …
Persistent link: https://www.econbiz.de/10008527320
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
economic outcomes. We exploit a unique dataset that contains a rich set of administrative information on individuals entering …
Persistent link: https://www.econbiz.de/10010884355
This paper shows that the incentive effects of heterogeneity may be positive rather than negative in dynamic contests … with multiple stages. In particular, the well-studied adverse effects of heterogeneity in static interactions are … compensated by positive continuation-value and selection effects. Due to these positive dynamic incentive effects of heterogeneity …
Persistent link: https://www.econbiz.de/10010886143
In this paper, human capital investments are evaluated by assuming heterogeneous returns to schooling. We use the potential outcome approach to measure the causal effect of human capital investments on earnings as a continuous treatment effect. Empirical evidence is based on a sample of West...
Persistent link: https://www.econbiz.de/10011279259
This paper provides a cross-country comparison of life-cycle and business-cycle fluctuations in the dispersion of household-level wage innovations. We draw our inference from household panel data sets for the US, the UK, and Germany. First, we find that household characteristics explain about...
Persistent link: https://www.econbiz.de/10005015462
In contexts such as education and sports, skill-accumulation of individuals over time crucially depends on the amount of training they receive, which is often allocated on the basis of repeated selection. We analyze optimal selection policies in a model of endogenous skill formation where, apart...
Persistent link: https://www.econbiz.de/10010541270
This paper is an empirical study of slope heterogeneity in job satisfaction. It provides evidence from the generalized …
Persistent link: https://www.econbiz.de/10009216290