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Are Risk Aversion and Impatience Related to Cognitive Ability?

Dohmen, Thomas; 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

Central School Exit Exams and Labor-Market Outcomes

Piopiunik, Marc; Schwerdt, Guido; Woessmann, Ludger - 2021

Many countries use centralized exit exams as a governance devise of the school system. While abundant evidence suggests positive effects of central exams on achievement tests, previous research on university-bound students shows no effects on subsequent earnings. We suggest that labor-market...

Persistent link: https://www.econbiz.de/10013315856

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

Firms and Collective Reputation : A Study of the Volkswagen Emissions Scandal

Bachmann, Ruediger - 2019

This paper uses the 2015 Volkswagen emissions scandal as a natural experiment to provide causal evidence that group reputation externalities matter for firms. We find that the Volkswagen scandal reduced the U.S. sales of the other German auto manufacturers—BMW, Mercedes- Benz, and Smart—by...

Persistent link: https://www.econbiz.de/10012900000

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

The Treatment Effect of Attending a High-Quality School and the Influence of Unobservables

Freier, Ronny; Storck, Johanna - 2013

This paper studies the effect of attending a high-quality secondary school on subsequent educational outcomes. The analysis is based on data from the German Socio-Economic Panel Study in which we observe children when they make their secondary school choice (between ages 10-12) and later when...

Persistent link: https://www.econbiz.de/10014162069

Personality Traits, Self-Employment, and Professions

Fritsch, Michael; Rusakova, Alina - 2011

We investigate the effect of broad personality traits — the Big Five — on an individual’s decision to become self …-employed. In particular, we test an overall indicator of the entrepreneurial personality. Since we find that the level of … individuals of the German Socio Economic Panel (SOEP). We find a significant association between personality traits and the …

Persistent link: https://www.econbiz.de/10014187263

Personality Traits, Self-Employment, and Professions

Fritsch, Michael; Rusakova, Alina - 2013

Persistent link: https://www.econbiz.de/10014044236

Reversing the Question : Does Happiness Affect Consumption and Savings Behavior?

Guven, Cahit - 2009

I examine the impact of happiness on consumption and savings behavior using data from the DNB Household Survey from the Netherlands and the German Socio-Economic Panel. Instrumenting individual happiness with regional sunshine, the results suggest that happier people save more, spend less, and...

Persistent link: https://www.econbiz.de/10014203824

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