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Are risk aversion and impatience related to cognitive ability?

Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe - 2009

This paper investigates whether risk aversion and impatience are correlated with cognitive ability. We conduct incentive compatible choice experiments measuring risk aversion, and impatience over an annual time horizon, for a representative sample of roughly 1,000 German adults. A measure of...

Persistent link: https://www.econbiz.de/10003833308

The effects of international financial integration in a model with heterogeneous firms and credit frictions

Clemens, Christiane; Heinemann, Maik - 2013

This paper examines the consequences of international financial integration in a two-sector heterogeneous-agent dynamic general equilibrium model of occupational choice with financial constraints and idiosyncratic risks. We discuss the macroeconomic and distributional effects of financial market...

Persistent link: https://www.econbiz.de/10010199729

Incentives, self-selection, and coordination of motivated agents for the production of social goods

Bauer, Kevin; Kosfeld, Michael; Siemens, Ferdinand von - 2021

We study, theoretically and empirically, the effects of incentives on the self-selection and coordination of motivated agents to produce a social good. Agents join teams where they allocate effort to either generate individual monetary rewards (selfish effort) or contribute to the production of...

Persistent link: https://www.econbiz.de/10012599052

Skill formation, temporary disadvantage and elite education

Hjertstrand, Per; Norbäck, Pehr-Johan; Persson, Lars - 2020

Elite skills have become crucial in today’s superstar economy. We develop a multi-period skill-formation model where we show that individuals with temporary disadvantages must exert greater effort to gain access to elite education. This “underdog-incentive effect” implies that “educated...

Persistent link: https://www.econbiz.de/10012298682

Reciprocity and the interaction between the unemployed and the caseworker

Berg, Gerard J. van den; Kesternich, Iris; Müller, Gerrit - 2019

We investigate how negatively reciprocal traits of unemployed individuals interact with "sticks" policies imposing constraints on individual job search effort in the context of the German welfare system. For this we merge survey data of long-term unemployed individuals, containing indicators of...

Persistent link: https://www.econbiz.de/10012123073

The efficacy of tournaments for non-routine team tasks

Englmaier, Florian; Grimm, Stefan; Grothe, Dominik; … - 2021

Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but also render teams’ identity and social-image concerns salient. We study the effects of tournaments on team performance in a non-routine task and identify the importance of...

Persistent link: https://www.econbiz.de/10012597694

Evaluating intergenerational persistence of economic preferences : a large scale experiment with families in Bangladesh

Chowdhury, Shyamal K.; Sutter, Matthias; Zimmermann, … - 2018 - This version: February 13, 2018

Economic preferences - like time, risk and social preferences - have been shown to be very influential for real-life outcomes, such as educational achievements, labor market outcomes, or health status. We contribute to the recent literature that has examined how and when economic preferences are...

Persistent link: https://www.econbiz.de/10011800548

Robots and firms

Koch, Michael; Manuylov, Ilya; Smolka, Marcel - 2019

robots, and a productivity-enhancing reallocation of labor across firms, away from non-adopters, and toward adopters. …

Persistent link: https://www.econbiz.de/10011997063

Techies and firm level productivity

Harrigan, James; Reshef, Ariell; Toubal, Farid - 2023

We study the impact of techies-engineers and other technically trained workers-on firm-level productivity. We first …-neutral productivity in both manufacturing and non-manufacturing industries. We find that techies raise firm-level productivity, and this … of techies on productivity operates mostly through ICT and other techies, not R&D workers. Engineers have a greater …

Persistent link: https://www.econbiz.de/10014288151

Optimal higher education enrollment and productivity externalities in a two-sector model

Meier, Volker; Schiopu, Ioana Cosmina - 2012

acquiring human capital. Both sectors exhibit productivity externalities in the size of the skill-specific labor and in the …

Persistent link: https://www.econbiz.de/10009570881

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