Showing 1 - 10 of 28
Organizational theory has construed complexity as an objective characteristic of either the structure or the behaviour …
Persistent link: https://www.econbiz.de/10011257510
There is increasing empirical and experimental evidence thatproviding financial incentives to agents to performcertain socially desirable actions may permanently reduce other typesof motivations to undertake these actions.We study the impact of financial incentives on the desire for...
Persistent link: https://www.econbiz.de/10011256539
This paper surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to simple models that, at least to some extent, are tractable by analytic methods in combination with computational tools. Most of these models are behavioral models with boundedly...
Persistent link: https://www.econbiz.de/10011255802
Kahneman and Tversky and their behavioral economics stand in a long tradition of applying mathematics to human behavior. In the seventeenth century, attempts to describe rational behavior in mathematical terms run into problems with the formulation of the St. Petersburg paradox. Bernoulli’s...
Persistent link: https://www.econbiz.de/10011256192
The most important financial source for behavioral economics is the Russell Sage Foundation (RSF). The most prominent behavioral economists among the RSF’s twenty-six member Behavioral Economics Roundtable (BER) are Kahneman, Tversky, Thaler, Camerer, Loewenstein, Rabin, and Laibson. The...
Persistent link: https://www.econbiz.de/10011256865
on retirement behaviour than health shocks, and (ii) initial health stock plays a more important role than health shocks …We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain …. Individual measures of pension wealth, peak and accrual values are constructed using labor market histories and health shocks are …
Persistent link: https://www.econbiz.de/10011255520
-related inequality of self-assessed health evolve over the life cycle and differ across generations in 11 EU countries. There is a … moderate and steady decline in mean health until the age of 70 or so and a steep acceleration in the rate of health … economic and social development, the average health of younger generations is significantly better than that of older …
Persistent link: https://www.econbiz.de/10011255539
by endogenous, state dependent, reporting behaviour. Furthermore, even if an objective health measure is used, it is not …. Se1f-assessed health measures are usually at hand in empiricalanalyses and research indicates that these may be affected … likely to be strictly exogenous to labour market status or labour income. Health and labour market variables are …
Persistent link: https://www.econbiz.de/10011255627
-438.<P> A strong relationship between health and socioeconomic status is firmly established. Yet, partly due to the … allows investigation of whether the socioeconomically disadvantaged, on top of a lower health level, experience a sharper … deterioration of their health over the life cycle. We show that in the Netherlands, as in the US, the socioeconomic gradient in …
Persistent link: https://www.econbiz.de/10011255681
We exploit an age discontinuity in a Dutch disability insurance (DI) reform to identify the health impact of stricter … negative health effect on females is restricted to women with low pre-disability earnings. We hypothesize that the gender … difference in the effect is due to the reform tightening eligibility particularly with respect to mental health conditions, which …
Persistent link: https://www.econbiz.de/10011255744