Showing 1 - 10 of 1,958
This paper examines how skill-biased growth can generate economic fragmentation (income dis-parities) that give rise to social fragmentation (the adoption of increasingly incompatible social identities and values), which generate political fragmentation (the adoption of increasingly incompatible...
Persistent link: https://www.econbiz.de/10012859600
We examine partisan bias in inflation expectations. Our dataset includes inflation expectations of the New York Fed … based on how partisans respond to changes in the White House's occupant (partisan bias). The results also corroborate the …
Persistent link: https://www.econbiz.de/10012860297
Conditional yield skewness is an important summary statistic of the state of the economy. It exhibits pronounced variation over the business cycle and with the stance of monetary policy, and a tight relationship with the slope of the yield curve. Most importantly, variation in yield skewness has...
Persistent link: https://www.econbiz.de/10013222193
Evidence from hypothetical scenarios strongly suggests the existence of a sunk cost bias, the tendency to ‘throw good … psychological channels underlying such a bias is scarce. We present a laboratory experiment designed to investigate the sunk cost … bias and to test some prominent psychological mechanisms. Inspired by the hypothetical scenarios, we use a two …
Persistent link: https://www.econbiz.de/10013315181
European countries for more than a decade, we estimate time-varying individual level bias in ‘survival expectations' (BSE) at …
Persistent link: https://www.econbiz.de/10013311581
significantly disadvantage low to middle in-come households and women as second earners. We base the critique both on a theoretical …
Persistent link: https://www.econbiz.de/10012830349
are informed about personal characteristics in the second game. Results show that guilt-averse women are significantly … negative externality. Interestingly, we find that women are not sensitive to the decision context, i.e., even when social …
Persistent link: https://www.econbiz.de/10013296722
fixed effects estimator, which ignores measurement errors, is biased. By correcting for the bias one can construct …The paper explores the effect of measurement errors on the estimation of a linear panel data model. The conventional …
Persistent link: https://www.econbiz.de/10010264605
"Big G" typically refers to aggregate government spending on a homogeneous good. In this paper, we open up this construct by analyzing the entire universe of procurement contracts of the US government and establish five facts. First, government spending is granular, that is, it is concentrated...
Persistent link: https://www.econbiz.de/10012836206
reduced reliance on intuitions. In none of the tasks are very high stakes sufficient to de-bias participants, or come even …
Persistent link: https://www.econbiz.de/10012838245