Showing 1 - 10 of 1,877
Using a long-panel dataset of Japanese firms that contains firm-level sales forecasts, we provide evidence on firm-level uncertainty and imperfect information over their life cycle. We find that firms make non-negligible and positively correlated forecast errors. However, they make more precise...
Persistent link: https://www.econbiz.de/10012826001
Most economic models assume that time preferences are stable over time, but the evidence on their long-term stability … is lacking. We study whether and how time preferences change over the life cycle, exploiting representative long …
Persistent link: https://www.econbiz.de/10013239561
Adverse economic shocks occur frequently and may cause individuals to reevaluate key life decisions in ways that have lasting consequences for themselves and the economy. These life decisions are fundamentally tied to specific periods of an individual’s career, and economic shocks may...
Persistent link: https://www.econbiz.de/10013309486
In this paper we revisit the evidence on the effects of time spent on border-crossing procedures for international … trade using a theory-consistent structural gravity model. We exploit a rich panel data set including domestic trade flows … significant negative effect of the time required for border procedures that is driven by the time needed for document preparation …
Persistent link: https://www.econbiz.de/10012892158
Daylight Saving Time (DST) is currently implemented by more than seventy countries, yet we do not have a clear …-in-differences approach, we find that the Spring DST causes a significant decline in life satisfaction. By inducing a reallocation of time …, the transition into DST deteriorates sleep and increases time stress, which in turn affects physical and emotional health …
Persistent link: https://www.econbiz.de/10013218293
in search of the best offer, both time-wise and in terms of potential regret of forgoing unique purchasing opportunities … interaction on search behavior in a pre-registered, theory-based, and well-powered experiment. We find that urgency reduces … earlier when pressured. Anticipated regret does not affect search length (neither with nor without time pressure), while …
Persistent link: https://www.econbiz.de/10013224079
This paper presents an empirical investigation of the relation between decision speed and decision quality for a real-world setting of cognitively-demanding decisions in which the timing of decisions is endogenous: professional chess. Move-by-move data provide exceptionally detailed and precise...
Persistent link: https://www.econbiz.de/10013306854
happiness or other variables are detectable based on response time data without making distributional assumptions. In our survey …
Persistent link: https://www.econbiz.de/10014358107
We document systematic and significant time variation in US lifecycle non-durable consumption profiles. Consumption … different periods to identify lifecycle profiles masks relevant time variations and may artificially generate hump …
Persistent link: https://www.econbiz.de/10012839357
We construct and estimate an economic model of religious giving. We employ a dynamic consumer optimization model with mortality in which intra-temporal utility stems from both consumption and religious contributions. Individuals also decide how to allocate resources between religious...
Persistent link: https://www.econbiz.de/10012774186