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Economic Freedom and Religion : An Empirical Investigation

Hillman, Arye L. - 2016

There has been much study of the consequences of economic freedom but, outside of the role of political institutions …, there has been little study of the determinants of economic freedom. We investigate whether religion affects economic … freedom. Our cross-sectional dataset includes 137 countries averaged over the period 2001-2010. Simple correlations show that …

Persistent link: https://www.econbiz.de/10012984498

Team or Individual : What Determines Workers' Preferred Bonus Schemes?

Torsvik, Gaute - 2011

This paper uses data from a firm with team production to investigate the association between workers' productivity, risk aversion and preferred bonus scheme (team or individual). Standard economics make a strong prediction in this case. Workers persistently producing above the team average...

Persistent link: https://www.econbiz.de/10013117787

Trade, Wages, and Profits

Egger, Hartmut - 2012

This paper formulates a structural empirical model of heterogeneous firms whose workers exhibit fair-wage preferences, leading to a link between a firm's operating profits and wages of workers employed by this firm. We estimate the parameters of the model in a data-set of five European...

Persistent link: https://www.econbiz.de/10013101194

Emotions and Political Unrest

Passarelli, Francesco - 2013

This paper formulates a general theory of how political unrest influences public policy. Political unrest is motivated by emotions. Individuals engage in protests if they are aggrieved and feel that they have been treated unfairly. This reaction is predictable because individuals have a...

Persistent link: https://www.econbiz.de/10013084007

Intention-Based Fairness Preferences in Two-Player Contests

Hoffmann, Magnus - 2013

We analyze equilibria of two-player contests where players have intention-based preferences. We find that players invest more effort compared to the case with selfish preferences and are even willing to exert effort when the monetary value of the prize converges to zero. As a consequence,...

Persistent link: https://www.econbiz.de/10013086605

Cutthroat Capitalism versus Cuddly Socialism : Are Americans More Meritocratic and Efficiency-Seeking than Scandinavians?

Almås, Ingvild - 2017

There is a striking difference in income inequality and redistributive policies between the United States and Scandinavia. To study whether there is a corresponding cross-country difference in social preferences, we conducted the first large-scale international social preference experiment, with...

Persistent link: https://www.econbiz.de/10012963592

Working Time Regulation, Unequal Lifetimes and Fairness

Leroux, M.‐L. - 2017

We examine the redistributive impact of working time regulations in an economy with unequal lifetimes. It is shown that uniform working time reductions, when uncompensated (i.e. constant hourly wage), can reduce inequalities in realized lifetime well-being between short-lived and long-lived...

Persistent link: https://www.econbiz.de/10012963777

Worker-Specific Effects of Globalisation

Egger, Hartmut - 2009

This paper sets up a general equilibrium model, in which firms are heterogeneous due to productivity differences and workers have fairness preferences and hence provide full effort only if their factor return is sufficiently high. With the wage considered to be fair by workers depending on the...

Persistent link: https://www.econbiz.de/10013155424

The Importance of Peers for Compliance with Norms of Fair Sharing

Gaechter, Simon - 2017

A burgeoning literature in economics has started examining the role of social norms in explaining economic behavior. Surprisingly, the vast majority of this literature has studied social norms in asocial decision settings, where individuals are observed to act in isolation from each other. In...

Persistent link: https://www.econbiz.de/10012953878

Complexity, Efficiency, and Fairness of Multi-Product Monopoly Pricing

Miravete, Eugenio J. - 2014

The Pennsylvania Liquor Control Board administers the purchase and sale of wine and spirits and is mandated to charge a uniform 30% markup on all products. We use an estimated discrete choice model of demand for spirits, together with information on wholesale prices, to assess the implications...

Persistent link: https://www.econbiz.de/10013055988