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Flexible Microcredit: Effects on Loan Repayment and Social Pressure
Czura, Kristina; John, Anett; Spantig, Lisa - 2020
Flexible repayment schedules allow borrowers to invest in profitable yet risky projects, but practitioners fear they erode repayment morale. We study repayment choices in rigid and flexible loan contracts that allow discretion in repayment timing. To separate strategic repayment choices from...
Persistent link: https://www.econbiz.de/10012227662
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Flexible Microcredit : Effects on Loan Repayment and Social Pressure
Czura, Kristina - 2020
Flexible repayment schedules allow borrowers to invest in profitable yet risky projects, but practitioners fear they erode repayment morale. We study repayment choices in rigid and flexible loan contracts that allow discretion in repayment timing. To separate strategic repayment choices from...
Persistent link: https://www.econbiz.de/10012832188
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Speed, Quality, and the Optimal Timing of Complex Decisions : Field Evidence
Sunde, Uwe; Zegners, Dainis; Strittmatter, Anthony - 2022
This paper presents an empirical investigation of the relation between decision speed and decision quality for a real …-by-move data provide exceptionally detailed and precise information about decision times and decision quality, based on a … with the predictions of procedural decision models like drift-diffusion-models in which decision makers sequentially …
Persistent link: https://www.econbiz.de/10013306854
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Nudging : An Experiment on Transparency, Controlling for Reactance and Decision Time
Schütze, Tobias; Spitzer, Carsten; Wichardt, Philipp C. - 2023
and decision time. Overall, the data show that more people follow the default if the nudge is made transparent. More … importantly, though, effects of transparency differ depending on whether people are fast or slow in their decision making. In … particular, (only) slow decision makers react more positively (keeping the default) if nudging is made transparent. Moreover, the …
Persistent link: https://www.econbiz.de/10014345559
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Inconsistent time preferences and on-the-job search - when it pays to be naive
Fahn, Matthias; Seibel, Regina - 2019
We study optimal employment contracts for present-biased employees who can conduct on-the-job search. Presuming that firms cannot offer long-term contracts, we find that individuals who are naive about their present bias will actually be better off than sophisticated or time-consistent...
Persistent link: https://www.econbiz.de/10012018295
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The Effect of Unfair Chances and Gender Discrimination on Labor Supply
Gagnon, Nickolas; Bosmans, Kristof; Riedl, Arno - 2020
inequality, whereas low-wage female workers reduce labor supply only if unequal pay is due to gender-discriminatory chances. Our …
Persistent link: https://www.econbiz.de/10012179857
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An Efficiency-Wage Model with Habit Concerns about Wages
Goerke, Laszlo - 2020
We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees have such preferences, their existence provides firms with incentives to raise wages and reduce employment over time. Greater intensity does not necessarily have the same...
Persistent link: https://www.econbiz.de/10012269498
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Incentives, Self-Selection, and Coordination of Motivated Agents for the Production of Social Goods
Bauer, Kevin; Kosfeld, Michael; von Siemens, Ferdinand - 2021
We study, theoretically and empirically, the effects of incentives on the self-selection and coordination of motivated agents to produce a social good. Agents join teams where they allocate effort to either generate individual monetary rewards (selfish effort) or contribute to the production of...
Persistent link: https://www.econbiz.de/10012657913
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The Effect of Unfair Chances and Gender Discrimination on Labor Supply
Gagnon, Nickolas - 2020
inequality, whereas low-wage female workers reduce labor supply only if unequal pay is due to gender-discriminatory chances. Our …
Persistent link: https://www.econbiz.de/10012842672
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Inconsistent Time Preferences and On-the-Job Search - When it Pays to Be Naive
Fahn, Matthias - 2019
We study optimal employment contracts for present-biased employees who can conduct on-the-job search. Presuming that firms cannot offer long-term contracts, we find that individuals who are naive about their present bias will actually be better off than sophisticated or time-consistent...
Persistent link: https://www.econbiz.de/10012871758