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This research explores the origins of loss aversion and the variation in its prevalence across regions, nations and ethnic group. It advances the hypothesis and establishes empirically that the evolution of loss aversion in the course of human history can be traced to the adaptation of...
Persistent link: https://www.econbiz.de/10011800629
development, characterized by the role of fossil fuels and by the progressive dominance of those with a higher energy and density … power. The challenge is how to make the rising demand for economic growth, mainly coming from developing and emerging … countries, compatible with the sustainability of the processes concerning the Earth system. Mainly by focusing on the energy-environment …
Persistent link: https://www.econbiz.de/10010223439
The commonly-used satellite images of nighttime lights fail to capture the true brightness of most cities. We show that night lights are a reliable proxy for economic activity at the city level, provided they are first corrected for top-coding. We present a stylized model of urban luminosity and...
Persistent link: https://www.econbiz.de/10011951641
Why does inequality vary across societies? We advance the hypothesis that in a market economy, where earning … inequality across societies can be attributed to variation in societal interpersonal diversity, shaped by the prehistorical out …-of-Africa migration. Exploring the roots of inequality within the US population, we find supporting evidence for our hypothesis: variation …
Persistent link: https://www.econbiz.de/10014293281
of differential cultural diversity and economic development across the world. …
Persistent link: https://www.econbiz.de/10014251953
This paper analyzes the initial impact and recovery of globally engaged firms from the COVID-19 crisis. It uses rich … globally engaged firms is their heightened response to the crisis by finding novel ways to adapt supply chains even in the …
Persistent link: https://www.econbiz.de/10013183698
necessarily mean that giving money to women is a good development policy. We show that depending on the nature of the production … function, targeting transfers to women may be beneficial or harmful to growth. In particular, such transfers are more likely to …
Persistent link: https://www.econbiz.de/10010250142
Corruption is one of the world’s most widespread political problems. It can be found on international, national and sub-national level. Access to education and other socio-economic services is of utmost importance for all humans. It is still not exclusively based on merit, but often rather...
Persistent link: https://www.econbiz.de/10012428971
economic development, and find that democracies grow faster than autocracies. Furthermore, we illustrate how the estimation …
Persistent link: https://www.econbiz.de/10011804191
growth model with endogenous fertility. I show how refugee resettlement from a more advanced and wealthier economy to a less … economic growth in both economies. …
Persistent link: https://www.econbiz.de/10011814840