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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) investment/savings and (c) insurance/assurance Using FinScope dataset from South Africa over the period 2003 to 2009,ordered probit, generalized ordered probit and pseudo panel...

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

Locus of Control and Savings

Cobb-Clark, Deborah A.; Kassenboehmer, Sonja C.; … - Institute for the Study of Labor (IZA) - 2013

This paper analyzes the relationship between individuals' locus of control and their savings behavior, i.e. wealth accumulation, savings rates, and portfolio choices. Locus of control is a psychological concept that captures individuals' beliefs about the controllability of life events and is a...

Persistent link: https://www.econbiz.de/10011156463

Preferences and Biases in Educational Choices and Labor Market Expectations: Shrinking the Black Box of Gender

Reuben, Ernesto; Wiswall, Matthew; Zafar, Basit - Institute for the Study of Labor (IZA) - 2013

labor market trajectories. Using an experiment to derive students' levels of overconfidence, and preferences for … and overconfidence, but not risk aversion, is systematically related with expectations about future earnings: individuals … in overconfidence and competitiveness explain about 18% of the gender gap in earnings expectations. These experimental …

Persistent link: https://www.econbiz.de/10010959644

Information and Competition Entry

Ewers, Mara - Institute for the Study of Labor (IZA) - 2012

This paper studies the influence of information on entry choices in a competition with a controlled laboratory experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition failure, where competition failure occurs when a subject...

Persistent link: https://www.econbiz.de/10011279246

Image and Misreporting

Ewers, Mara; Zimmermann, Florian - Institute for the Study of Labor (IZA) - 2012

In this paper we ask if reports of private information about skills, abilities or achievements are affected by image concerns. We develop a simple model that illustrates how image utility can lead to misreporting of private information in contexts where truthful reports maximize monetary...

Persistent link: https://www.econbiz.de/10011279286

The Emergence of Male Leadership in Competitive Environments

Reuben, Ernesto; Rey-Biel, Pedro; Sapienza, Paola; … - Institute for the Study of Labor (IZA) - 2010

underrepresentation of women, namely, gender differences in overconfidence concerning past performance, in the willingness to exaggerate … past performance to the group, and in the reaction to monetary incentives. We find that men’s overconfidence is the driving …

Persistent link: https://www.econbiz.de/10008693848

Risk Tolerance and Entrepreneurship

Hvide, Hans K.; Panos, Georgios A. - Institute for the Study of Labor (IZA) - 2013

A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but perform worse. We test these predictions with two risk tolerance proxies: stock market participation and personal leverage. Using investment data for 400,000 individuals, we...

Persistent link: https://www.econbiz.de/10010610137

A Model of Overconfidence

Weinberg, Bruce A. - Institute for the Study of Labor (IZA) - 2009

information leads people to choose tasks that raise expected output, however extreme overconfidence leads people to undertake … tasks that are excessively challenging. Consistent with our results, psychologists have found that moderate overconfidence …

Persistent link: https://www.econbiz.de/10005039646

Performance Pay and Multi-dimensional Sorting: Productivity, Preferences and Gender

Dohmen, Thomas; Falk, Armin - Institute for the Study of Labor (IZA) - 2006

additional individual characteristics such as subjects’ risk attitudes, measures of selfassessment and overconfidence, social … overconfidence affect worker self-selection, in particular into tournaments. Fourth, risk averse workers prefer fixed payments and …

Persistent link: https://www.econbiz.de/10005703774

Gender and Self-Selection Into a Competitive Environment: Are Women More Overconfident Than Men?

Nekby, Lena; Thoursie, Peter Skogman; Vahtrik, Lars - Institute for the Study of Labor (IZA) - 2007

Using a large running race in Sweden, this study shows that there are male-dominated environments in which the selection of women who participate are more likely to be confident/competitive and that, within this group, performance improves equally for both genders.

Persistent link: https://www.econbiz.de/10005822984