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Are Risk Aversion and Impatience Related to Cognitive Ability?

Dohmen, Thomas J.; Falk, Armin; Huffman, David; Sunde, Uwe - 2021

This paper investigates whether risk aversion and impatience are correlated with cognitive ability. We conduct incentive compatible choice experiments measuring risk aversion, and impatience over an annual time horizon, for a representative sample of roughly 1,000 German adults. A measure of...

Persistent link: https://www.econbiz.de/10013316382

Potential, prizes and performance : testing tournament theory with professional tennis data

Sunde, Uwe - 2003

This paper tests two hypotheses from the theory of elimination tournaments: (i) that uneven tournaments, where the … contestants are ex ante heterogeneous, entail lower effort exertion; this is a prediction from agency theory that has not been … underlies any agency theory about elimination tournaments, and has been empirically tested in other contexts. The evidence …

Persistent link: https://www.econbiz.de/10010261647

Life expectancy and economic growth: the role of the demographic transition

Cervellati, Matteo; Sunde, Uwe - 2009

the role of the econometric specification. We present a simple theory of the economic and demographic transition where … individuals' education and fertility decisions depend on their life expectancy. The theory predicts that before the demographic …

Persistent link: https://www.econbiz.de/10010269079

Unobserved Bilateral Search on the Labor Market: A Theory-Based Correction for a Common Flaw in Empirical Matching Studies

Sunde, Uwe - 2002

This paper develops a model of equilibrium unemployment with (unobservable) endogenous on-the-job search and (partly unobservable) endogenous search behavior by firms. The model allows to analyze crowding-out of unemployed job seekers by endogenous on-the job search of employees, and the...

Persistent link: https://www.econbiz.de/10010262710

Cross-sectional earnings risk and occupational sorting: the role of risk attitudes

Bonin, Holger; Dohmen, Thomas; Falk, Armin; Huffman, David - 2006

This paper investigates whether risk preferences explain how individuals are sorted into occupations with different earnings variability. We exploit data from the German Socio-Economic Panel, which contains a subjective assessment of willingness to take risks whose behavioral relevance has been...

Persistent link: https://www.econbiz.de/10010267608

Interpreting Time Horizon Effects in Inter-Temporal Choice

Dohmen, Thomas J. - 2012

We compare different designs that have been used to test for an impact of time horizon on discounting, using real incentives and two representative data sets. With the most commonly used type of design we replicate the typical finding of declining (hyperbolic) discounting, but with other designs...

Persistent link: https://www.econbiz.de/10013109751

Are all democracies equally good? The role of interactions between political environment and inequality for rule of law

Sunde, Uwe; Cervellati, Matteo; Fortunato, Piergiuseppe - 2007

Using cross-country data, we find evidence for a significant negative interaction effect between democracy and inequality in determining the quality of growth-promoting institutions like rule of law. Democracy is associated with institutions of higher quality when inequality is lower.

Persistent link: https://www.econbiz.de/10010268341

Democratization and civil liberties: The role of violence during the transition

Cervellati, Matteo; Fortunato, Piergiuseppe; Sunde, Uwe - 2011

emerging democracies, and in particular, the protection of civil (political and economic) liberties. A simple theory in which …

Persistent link: https://www.econbiz.de/10010274710

Democratization, violent social conflicts, and growth

Cervellati, Matteo; Sunde, Uwe - 2011

This paper investigates the empirical role of violent conflicts for the causal effect of democracy on economic growth. Exploiting within-country variation to identify the effect of democratization during the Third Wave, we find evidence that the effect of democratization is weaker than reported...

Persistent link: https://www.econbiz.de/10010278790

Human capital and growth: Specification matters

Sunde, Uwe; Vischer, Thomas - 2011

This paper suggests that the weak empirical effect of human capital on growth in existing cross-country studies is partly the result of an inappropriate specification that does not account for the different channels through which human capital affects growth. A systematic replication of earlier...

Persistent link: https://www.econbiz.de/10010280676