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fathers and mothers and their children by drawing on a unique dataset of 1,999 members of Bangladeshi families, including 911 … children, aged 6-17 years, and 544 pairs of mothers and fathers. We find a large degree of intergenerational persistence as the … economic preferences of mothers and fathers are significantly positively related to their children's economic preferences …
Persistent link: https://www.econbiz.de/10011800548
framed field experiment, we let 142 three to six-year old preschool children allocate a fixed endowment between an in …
Persistent link: https://www.econbiz.de/10011941377
We study the development of cooperation in 929 young children, aged 3 to 6. In a unified experimental framework, we … game. We find that third-party punishment doubles cooperation rates in comparison to a control condition. Children also … influence of children's cognitive skills and parents' socioeconomic background on cooperation. …
Persistent link: https://www.econbiz.de/10012668493
We present direct evidence on the link between children’s patience and educational-track choices years later. Combining … an incentivized patience measure of 493 primary-school children with their high-school track choices taken at least three …
Persistent link: https://www.econbiz.de/10012533965
dilemmas and maintening public goods in human societies. We study the development of cooperation in 929 young children, aged 3 … of defectors is applied. Children also engage in reciprocating others, showing that reciprocity strategies are already … young children fail to anticipate the benefits of reputation building. We also show that the cognitive skills of children …
Persistent link: https://www.econbiz.de/10012547006
from a bilingual city in Northern Italy. We find that German-speaking primary school children are about 46% more likely … than Italian-speaking children to delay gratification in an intertemporal choice experiment. This result is robust when …
Persistent link: https://www.econbiz.de/10011343740
Previous findings of long-run purchasing power parity come mainly from data for industrial countries, raising the issue of whether the results suffer sample-selection bias and exaggerate the general relevance of parity reversion. This study uncovers substantial cross-country heterogeneity in the...
Persistent link: https://www.econbiz.de/10009781713
What risks do asset price bubbles pose for the economy? This paper studies bubbles in housing and equity markets in 17 countries over the past 140 years. History shows that not all bubbles are alike. Some have enormous costs for the economy, while others blow over. We demonstrate that what makes...
Persistent link: https://www.econbiz.de/10011309562
Using data from more than 100 economies for the period of 1975 to 2005, we conduct an extensive empirical analysis of the determinants of international reserve holdings. Four groups of determinants, namely, traditional macro variables, financial variables, institutional variables, and dummy...
Persistent link: https://www.econbiz.de/10003850507
Two separate narratives have emerged in the wake of the Global Financial Crisis. One speaks of private financial excess and the key role of the banking system in leveraging and deleveraging the economy. The other emphasizes the public sector balance sheet over the private and worries about the...
Persistent link: https://www.econbiz.de/10010199757