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Gonzalez-Eiras, Martín; Niepelt, Dirk - 2021

We propose a flexible model of infectious dynamics with a single endogenous state variable and economic choices. We characterize equilibrium, optimal outcomes, static and dynamic externalities, and prove the following: (i) A lockdown generically is followed by policies to stimulate activity....

Persistent link: https://www.econbiz.de/10013314771

Migrants and Firms : Evidence from China

Imbert, Clément - 2019

This paper estimates the causal effect of rural-urban migration on urban production in China. We use longitudinal data on manufacturing firms between 2001 and 2006 and exploit exogenous variation in rural-urban migration due to agricultural price shocks. Following a migrant inflow, labor costs...

Persistent link: https://www.econbiz.de/10012892144

Incentives, Search Engines, and the Elicitation of Subjective Beliefs : Evidence from Representative Online Survey Experiments

Grewenig, Elisabeth - 2019

A large literature studies subjective beliefs about economic facts using unincentivized survey questions. We devise randomized experiments in a representative online survey to investigate whether incentivizing belief accuracy affects stated beliefs about average earnings by professional degree...

Persistent link: https://www.econbiz.de/10012890194

Do Survey Expectations of Stock Returns Reflect Risk-Adjustments?

Adam, Klaus - 2019

Motivated by the observation that survey expectations of stock returns are inconsistent with rational return expectations under real-world probabilities, we investigate whether alternative expectations hypotheses entertained in the asset pricing literature are consistent with the survey...

Persistent link: https://www.econbiz.de/10012892287

Five Facts About Beliefs and Portfolios

Giglio, Stefano - 2019

We administer a newly-designed survey to a large panel of retail investors who have substantial wealth invested in financial markets. The survey elicits beliefs that are crucial for macroeconomics and finance, and matches respondents with administrative data on their portfolio composition and...

Persistent link: https://www.econbiz.de/10012866380

Using Machine Learning and Qualitative Interviews to Design a Five-Question Women's Agency Index

Jayachandran, Seema; Biradavolu, Monica; Cooper, Jan - 2021

measure agency for 209 women in Haryana, India, first, through a semi-structured interview and, second, through a large set of … close-ended questions. We use qualitative coding methods to score each woman’s agency based on the interview, which we treat … resulting five-question index is as strongly correlated with the coded qualitative interview as is an index that uses all of the …

Persistent link: https://www.econbiz.de/10013235120

Limited Self-Knowledge and Survey Response Behavior

Falk, Armin; Neuber, Thomas; Strack, Philipp - 2021

We study response behavior in surveys and show how the explanatory power of self-reports can be improved. First, we develop a choice model of survey response behavior under the assumption that the respondent has imperfect self-knowledge about her individual characteristics. In panel data, the...

Persistent link: https://www.econbiz.de/10013219070

Balanced Scorecards : A Relational Contract Approach

Kvaloy, Ola; Olsen, Trond E. - 2021

Reward systems based on balanced scorecards typically connect pay to an index, i.e. a weighted sum of multiple performance measures. We show that such an index contract may indeed be optimal if performance measures are non-verifiable so that the contracting parties must rely on self-enforcement....

Persistent link: https://www.econbiz.de/10013243235

The information content of capacity utilisation rates for output gap estimates

Graff, Michael; Sturm, Jan-Egbert - 2010

From a theoretical perspective, the output gap is probably the most comprehensive and convincing concept to describe the cyclical position of an economy. Unfortunately, for practical purposes, the concept depends on the determination of potential output, which is an inherently unobservable...

Persistent link: https://www.econbiz.de/10010274874

Customs Compliance and the Power of Imagination

Konrad, Kai A. - 2012

This paper studies the role of beliefs about own performance or appearance for compliance at the customs. In an experiment in which underreporting has a higher expected payoff than truthful reporting we find: a large share, about 15-20 percent of the subjects, is more compliant if they have...

Persistent link: https://www.econbiz.de/10013111992

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