This paper complements the experimental literature that has shown theimportance of reciprocity for behaviour in stylized labour markets or otherdecision settings. We use individual measures of reciprocal inclinations in alarge, representative survey, and relate reciprocity to real world labour...

We analyze whether lower investments in human capital of part-time workers are due to workers’ characteristics or human resource practices of the firm. We focus on investments in both formal training and informal learning. Using the Dutch Life-Long-Learning Survey 2007, we find that part-time...

Firms and apprentices have conflicting interests with respect to the content of training programmes. On the basis of a model for the investment decision in occupation-specific and generic training, I will show that, in the case of imperfect competition, firms are not only unwilling to pay for...

This paper studies risk attitudes using a large representative survey and a complementaryexperiment conducted with a representative subject pool in subjects’ homes. Using aquestion asking people about their willingness to take risks “in general”, we find thatgender, age, height, and...

Many economic decisions involve a substantial amount of uncertainty, andtherefore crucially depend on how individuals process probabilistic information. Inthis paper, we investigate the capability for probability judgment in a representativesample of the German population. Our results show that...

Firms and apprentices have conflicting interests with respect to the content of training programmes. On the basis of a model for the investment decision in occupation-specific and generic training, I will show that, in the case of imperfect competition, firms are not only unwilling to pay for...

Th is paper investigates whether risk aversion and impatience are correlated withcognitive ability. We conduct incentive compatible choice experiments measuringrisk aversion, and impatience over an annual time horizon, for a representative sampleof roughly 1,000 German adults. A measure of...