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Trade, Peace and Democracy: An Analysis of Dyadic Dispute
Polachek, Solomon W.; Seiglie, Carlos - Institute for the Study of Labor (IZA) - 2006
At least since 1750 when Baron de Montesquieu declared "peace is the natural effect of trade," a number of economists and political scientists espoused the notion that trade among nations leads to peace. Employing resources wisely to produce one commodity rather than employing them inefficiently...
Persistent link: https://www.econbiz.de/10005233897
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The Effect of the Theo van Gogh Murder on House Prices in Amsterdam
Gautier, Pieter A.; Siegmann, Arjen; Vuuren, Aico Van - Institute for the Study of Labor (IZA) - 2007
This paper estimates the impact of the murder of film maker Theo van Gogh on November 2, 2004, on listed house prices in Amsterdam with a unique dataset. We use an hedonic-market approach to show that general attitudes towards Muslim minorities were negatively affected by the murder....
Persistent link: https://www.econbiz.de/10005762096
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Terror and the Costs of Crime
Gould, Eric D.; Stecklov, Guy - Institute for the Study of Labor (IZA) - 2009
going out for leisure activities. Our analysis exploits a panel of 120 fatal terror attacks and all reported crimes for 17 …-specific time trends, we show that terror attacks reduce property crimes such as burglary, auto-theft, and thefts-from-cars. Terror … police presence after a terror attack. A higher level of policing is likely to catch more people trespassing, and at the same …
Persistent link: https://www.econbiz.de/10004976881
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The Transatlantic Banking Crisis: Lessons and EU Reforms
Welfens, Paul J. J. - Institute for the Study of Labor (IZA) - 2009
The key dynamics of the transatlantic banking crisis are analyzed – with emphasis on the fact that the banking disaster of 2007/08 was not really a surprise –, and the five key requirements for restoring stability and efficiency in the EU/OECD banking sector are highlighted. Most important,...
Persistent link: https://www.econbiz.de/10008632734
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Prognosekrise: Warum weniger manchmal mehr ist
Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2009
Angesichts der gegenwärtigen Finanzmarkt- und Wirtschaftskrise überbieten sich die Anbieter von Prognosen derzeit in immer neuen Schreckenszenarien und pessimistischen Konjunkturvorhersagen. Prognosen beeinflussen Verhalten und Stimmungen und sind deshalb in Krisenzeiten von besonderer...
Persistent link: https://www.econbiz.de/10008615423
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Economic Consequences of Mispredicting Utility
Frey, Bruno S.; Stutzer, Alois - Institute for the Study of Labor (IZA) - 2013
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10010884223
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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
Standard observed characteristics explain only part of the differences between men and women in education choices and labor market trajectories. Using an experiment to derive students' levels of overconfidence, and preferences for competitiveness and risk, this paper investigates whether these...
Persistent link: https://www.econbiz.de/10010959644
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Entrepreneurship: Cause or Consequence of Financial Optimism?
Dawson, Christopher; Meza, David Emmanuel de; Henley, Andrew - Institute for the Study of Labor (IZA) - 2012
Extant evidence that the self-employed overestimate their returns by more than employees do is consistent with two mutually inclusive possibilities. Self-employment may generate optimism or optimists may be drawn to self-employment. This paper finds that employees who will be self-employed in...
Persistent link: https://www.econbiz.de/10010959674
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House Price Expectations
Niu, Geng; van Soest, Arthur - Institute for the Study of Labor (IZA) - 2014
Utilizing new survey data collected between 2009 and 2014, this paper analyzes American households' subjective expectations on future home values. We explore the relationship between house price expectations, local economic conditions, and households' individual characteristics. We examine the...
Persistent link: https://www.econbiz.de/10010959803
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Game, Set, and Match: Do Women and Men Perform Differently in Competitive Situations?
Jetter, Michael; Walker, Jay K. - Institute for the Study of Labor (IZA) - 2015
This paper analyzes potential gender differences in competitive environments using a sample of over 100,000 professional tennis matches. We focus on two phenomena of the labor and sports economics literature: the hot-hand and clutch-player effects. First, we find strong evidence for the hot-hand...
Persistent link: https://www.econbiz.de/10011214022