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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

The Returns to Education for Opportunity Entrepreneurs, Necessity Entrepreneurs and Paid Employees

Fossen, Frank M.; Büttner, Tobias - 2012

We assess the relevance of formal education for the productivity of the self-employed and distinguish between opportunity entrepreneurs, who voluntarily pursue a business opportunity, and necessity entrepreneurs, who lack alternative employment options. We expect differences in the returns to...

Persistent link: https://www.econbiz.de/10014165660

Do Smart Parents Raise Smart Children? The Intergenerational Transmission of Cognitive Abilities

Anger, Silke; Heineck, Guido - 2009

Complementing prior research on income mobility and educational transmission, we provide evidence on the intergenerational transmission of cognitive abilities using data from the German Socio-Economic Panel Study. Our estimates suggest that individuals' cognitive skills are positively related to...

Persistent link: https://www.econbiz.de/10014210217

More Opportunity, More Cooperation? The Behavioral Effects of Birthright Citizenship on Immigrant Youth

Felfe, Christina - 2018

Inequality of opportunity, particularly when overlaid with racial, ethnic, or cultural differences, increases the social distance between individuals, which is widely believed to limit the scope of cooperation. A central question, then, is how to bridge such divides. We study the effects of a...

Persistent link: https://www.econbiz.de/10012916957

What Drives Aggregate Investment? : Evidence from German Survey Data

Bachmann, Ruediger; Zorn, Peter - 2021

The ifo Investment Survey asks firms in the German manufacturing sector about the importance of sales, technological factors, finance, return expectations, and macroeconomic policy for their investment activity in a given year. We show that these subjective investment determinants 1) capture...

Persistent link: https://www.econbiz.de/10013315790

Life Satisfaction, Household Income and Personality Theory

Proto, Eugenio - 2012

We show that personality traits mediate the effect of income on Life Satisfaction. The effect is strong in the case of …

Persistent link: https://www.econbiz.de/10013101866

Self-Employment after Socialism : Intergenerational Links, Entrepreneurial Values, and Human Capital

Fritsch, Michael - 2012

Drawing on representative household data from the German Socio-Economic Panel, we examine the role of an early precursor of entrepreneurial development – parental role models – for the individual decision to become self-employed in the post-unified Germany. The findings suggest that the...

Persistent link: https://www.econbiz.de/10013104020

Expectations as Reference Points : Field Evidence from Experienced Subjects in a Competitive, High-Stakes Environment

Bartling, Björn - 2012

We show that professional soccer players exhibit reference-dependent behavior during matches. Controlling for the state of the match and for unobserved heterogeneity, we show on a minute-by-minute basis that a player breaches the rules of the game, measured by the referee's assignment of cards,...

Persistent link: https://www.econbiz.de/10013105143

On the Stability of Preferences : Repercussions of Entrepreneurship on Risk Attitudes

Brachert, Matthias - 2014

The majority of empirical studies make use of the assumption of stable preferences in searching for a relationship … limited. In this paper, we show that entry into entrepreneurship itself plays a decisive role in shaping risk preferences. We … reverse causality; risk attitudes do not remain stable over time, and individual preferences change endogenously …

Persistent link: https://www.econbiz.de/10013051356

Do Norms on Contribution Behavior Affect Intrinsic Motivation? Field-Experimental Evidence from Germany

Boyer, Pierre - 2016

This paper studies how imposing norms on contribution behavior affects individuals' intrinsic motivation. We consider the church levy, which the Catholic Church in Germany collects as a charitable donation, despite the fact that the levy is legally a tax. We design a randomized field experiment...

Persistent link: https://www.econbiz.de/10012985409