Showing 1 - 10 of 229
We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We document that both earnings and income are more concentrated among entrepreneurs than among workers and describe a large-scale overlapping-generations model that can replicate...
Persistent link: https://www.econbiz.de/10012249285
. We further explore potential mechanisms, and the impact of different types of narratives, by analyzing self …-reported classifications of, and employing natural language processing techniques on, participants' narratives. …
Persistent link: https://www.econbiz.de/10014384016
We provide evidence on narratives about the macroeconomy-the stories people tell to explain macroeconomic phenomena …-in the context of a historic surge in inflation. We measure economic narratives in open-ended survey responses and represent … experts and document three main findings. First, households' narratives are strongly heterogeneous and coarser than experts …
Persistent link: https://www.econbiz.de/10014307680
Persistent link: https://www.econbiz.de/10003641763
Individuals use narratives as rationales or justifications to make their claims more convincing. I provide a general … framework for partial verifiability based on narratives. Narratives give many reasons and arguments. The receiver derives the … sender’s claims. Therefore, the receiver detects misreports with positive probability. Narratives flexibly allow for …
Persistent link: https://www.econbiz.de/10012263427
Understanding behavioral aspects of collective decision-making is an important challenge for eco-nomics, and narratives …-Role Narrative Framework as a tool to systematically analyze narratives, and applies it to study US climate change policy on Twitter … corpora using supervised machine learning. In our application to US climate change policy narratives, we find strong changes …
Persistent link: https://www.econbiz.de/10014280165
-related narratives. Narratives related to work and entrepreneurship are particularly positive, while foreign religion and welfare …Immigration is one of the most divisive political issues in many countries today. Competing narratives, circulated via … word-matching methods and sentiment dictionaries. Empirically, culture narratives are more common than economy …
Persistent link: https://www.econbiz.de/10013418879
We argue that storytelling contexts – the way information is communicated through varying credibility sources, visual …), incentivized by an (LLM), we find that intermediate storytelling contexts prompt critical thinking more effectively than basic or … impact the efficiency of elections and polls in aggregating reasoned preferences. Storytelling contexts that effectively …
Persistent link: https://www.econbiz.de/10015048380
This paper considers the implications of asymmetric information in capital markets for entrepreneurial entry and tax policy. In many countries, governments subsidize the creation of new firms. One possible justification for these subsidies is that capital markets for the financing of new firms...
Persistent link: https://www.econbiz.de/10011506206
This paper surveys the various forms of market failure that can arise when innovating entrepreneurs consider entering an industry, and outlines possible implications for public policy. Externalities can arise from entrepreneurial activities such as spillover benefits from new innovations and...
Persistent link: https://www.econbiz.de/10011506218