This paper considers the female labor force participation (FLFP) behavior over the past decade in five MENA countries namely, Algeria, Egypt, Jordan, Palestine and Tunisia. Low FLFP rates in these countries, as it is in other MENA countries, are well documented. We conduct synthetic panel...

We study an investment experiment with a representative sample of German households. Respondents invest in a safe asset and a risky asset whose return is tied to the German stock market. Experimental investments correlate with beliefs about stock market returns and exhibit desirable external...

We study the local evolution of cultural norms in West Germany in reaction to the sudden presence of East Germans who migrated to the West after reunification. These migrants grew up with very high rates of maternal employment, whereas West German families followed the traditional...

Fungibility of money is a central principle in economics. It implies that any unit of money is substitutable for another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple, incentivized setup many subjects do not treat money as...

We provide evidence on how two important types of institutions - dismissal barriers, and bonus pay - affect contract enforcement behavior in a market with incomplete contracts and repeated interactions. Dismissal barriers are shown to have a strong negative impact on worker performance, and...

Many decision models in marketing science and psychology assume that a consumer chooses by proceeding sequentially through a checklist of desirable properties. These models are contrasted to the utility maximization model of rationality in economics. We show on the contrary that the two...

This paper proposes a new unified theory of sociobehavioral forces. The goal of the new theory isto integrate theories describing five sociobehavioral processes - comparison (including justiceand self-esteem), status, power, identity, and happiness - bringing under a single theoreticalumbrella...

In this paper we attempt to assess empirically the capability set ofthe disabled. We formulate the assumptions under which capability canbe interpreted as needs-adjusted disposable household income, and useequivalence scales methodology to estimate it for households in the UK.We identify a...

Internal inconsistencies are so commonplace in studies using the contingent valuation method(CVM) that it has been argued that that method should be abandoned as a means of preferenceelicitation in favour of other methods such as standard gambles (SG). The experiment described inthis paper finds...

In the Solidarity Game (Selten and Ockenfels, 1998), two "rich" persons can support a "poor" one. A strong positive correlation between one rich person's solidarity contribution and his expected contribution of the other is observed. This paper investigates the causality behind this correlation....