Showing 1 - 10 of 26
The standard expected utility model of tax evasion predicts that evasion is decreasing in the marginal tax rate (the Yitzhaki puzzle). The existing literature disagrees on whether prospect theory overturns the puzzle. We disentangle four distinct elements of prospect theory and find loss...
Persistent link: https://www.econbiz.de/10010884369
This paper presents the results of an experiment that completely measures the utility function and probability weighting function for different positive and negative monetary outcomes, using a representative sample of N = 1935 from the general public. The results confirm earlier findings in the...
Persistent link: https://www.econbiz.de/10005822425
We use personality traits to better understand the relationship between income and life satisfaction. Personality traits mediate the effect of income on life satisfaction. The effect of neuroticism, which measures sensitivity to threat and punishment, is strong in both the British Household...
Persistent link: https://www.econbiz.de/10011168446
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