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Stakeholder Governance, Competition and Firm Value
Allen, Franklin - 2014
In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the … advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to … shareholder-oriented firms in a model of imperfect competition. Stakeholder firms are more (less) valuable than shareholder firms …
Persistent link: https://www.econbiz.de/10013057260
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Don't Raise the Retirement Age! An Experiment on Opposition to Pension Reforms and East-West Differences in Germany
Scheubel, Beatrice - 2009
crucial. Representative opinion polls, often involving simplified questions about the complex topics under debate, are an …
Persistent link: https://www.econbiz.de/10013156875
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How Information Affects Support for Education Spending : Evidence from Survey Experiments in Germany and the United States
West, Martin R.; Woessmann, Ludger; Lergetporer, Philipp; … - 2021
To study whether current spending levels and public knowledge of them contribute to transatlantic differences in policy preferences, we implement parallel survey experiments in Germany and the United States. In both countries, support for increased education spending and teacher salaries falls...
Persistent link: https://www.econbiz.de/10013315477
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Executive Compensation : A Survey of Theory and Evidence
Edmans, Alex - 2017
This paper reviews the theoretical and empirical literature on executive compensation. We start by presenting data on the level of CEO and other top executive pay over time and across firms, the changing composition of pay; and the strength of executive incentives. We compare pay in U.S. public...
Persistent link: https://www.econbiz.de/10012949331
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Experienced Inequality and Preferences for Redistribution
Roth, Christopher - 2017
We examine whether individuals' experienced levels of income inequality affect their preferences for redistribution. We use several large nationally representative datasets to show that people who have experienced higher inequality during their lives are less in favor of redistribution, after...
Persistent link: https://www.econbiz.de/10012964374
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Do Natives' Beliefs About Refugees' Education Level Affect Attitudes Toward Refugees? Evidence from a Randomized Survey Experiments
Lergetporer, Philipp - 2018
In recent years, Europe has experienced an unprecedented influx of refugees. While natives' attitudes toward refugees are decisive for the political feasibility of asylum policies, little is known about how these attitudes are shaped by refugees' characteristics. We conducted survey experiments...
Persistent link: https://www.econbiz.de/10012926562
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Risk Aversion as a Perceptual Bias
Khaw, Mel - 2017
The theory of expected utility maximization (EUM) proposed by Bernoulli explains risk aversion as a consequence of diminishing marginal utility of wealth. However, observed choices between risky lotteries are difficult to reconcile with EUM: for example, in the laboratory, subjects' responses on...
Persistent link: https://www.econbiz.de/10012956867
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Bitterness in Life and Attitudes Towards Immigration
Poutvaara, Panu - 2015
Integration of immigrants is a two-way process, the success of which depends both on immigrants and on natives. We provide new evidence on the determinants of individual attitudes towards immigration, using data from the 2005 and 2010 waves of the German Socio-Economic Panel. In particular, we...
Persistent link: https://www.econbiz.de/10013009880
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The Subversive Nature of Inequality : Subjective Inequality Perceptions and Attitudes to Social Inequality
Kuhn, Andreas - 2016
This paper shows that higher levels of perceived wage inequality are associated with a weaker (stronger) belief into meritocratic (non-meritocratic) principles as being important in determining individual wages. This finding is robust to the use of an instrumental-variable estimation strategy...
Persistent link: https://www.econbiz.de/10012984497
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What Makes a Price Fair? An Experimental Study of Transaction Experience and Endogenous Fairness Views
Herz, Holger - 2016
People's fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet little is known about how these preferences are formed. In this paper, we provide clean evidence that previous transactions play an important role in shaping perceptions of...
Persistent link: https://www.econbiz.de/10012987400