Showing 1 - 10 of 103
We analyze in a game between a patient player 1 and a non-myopic but less patient opponent, player 2. We assume that Player 1's type is private information and that players do not directly observe each other's action but rather see an imperfect signal of it. We show that in any Nash equilibrium...
Persistent link: https://www.econbiz.de/10012235888
Patience and risk-taking - two cultural traits that steer intertemporal decision-making - are fundamental to human … combine PISA tests with the Global Preference Survey. We find that opposing effects of patience (positive) and risk …
Persistent link: https://www.econbiz.de/10012254831
Decisions to invest in human capital depend on people's time preferences. We show that differences in patience are … within-country disparities. We use social-media data – Facebook interests – to construct novel regional measures of patience … within Italy and the United States. Patience is strongly positively associated with student achievement in both countries …
Persistent link: https://www.econbiz.de/10014467796
Recent evidence shows substantial heterogeneity in time, risk, and social preferences across and within populations; yet little is known about the dynamics of preference heterogeneity across generations. We apply a novel identification strategy based on dyadic differences in preferences using...
Persistent link: https://www.econbiz.de/10014467799
dimensions that are highly predictive of adolescents' later labor-market success: math grades, patience/social skills, and labor …
Persistent link: https://www.econbiz.de/10012504523
Real estate markets are subject to dynamic, ever-changing influences from location, amenities and neighborhoods; regulation, zoning and population changes; but also - macroeconomic variables, such as interest rates, inflation and economic cycles. The decision to buy or rent a durable,...
Persistent link: https://www.econbiz.de/10012234258
We examine German stock corporations' executive compensation's growth over the last 15 years. Furthermore, we … investigate how executive compensation might develop in the future. Over the past 15 years we observe dynamic growth of executive … these high growth rates in the past is the introduction of long-term incentives which has been technically easily …
Persistent link: https://www.econbiz.de/10010304479
In this paper, Turkish high and persistent inflation experience and its impact on inflation uncertainty and growth have … impacts on growth in Turkey in the analyzed period. However, inflation uncertainty has much more negative effect on growth in … comparison with inflation. In other words, while 1% increase in inflation rate decrease growth 0.56%, an 1% increase in inflation …
Persistent link: https://www.econbiz.de/10010322130
This paper attempts to test Wagnerian and Keynesian hypotheses by examining the relationship between economic growth … expenditure) from economic growth to disaggregated public expenditure that total current, investment, transfer expenditures, non … casual relationship between economic growth and total public expenditures, they do support the existence of long run …
Persistent link: https://www.econbiz.de/10010322133
Bu çalışmada, Türkiye'de enflasyon-ekonomik büyüme ilişkisi 1987:1-2003:2 dönemi için test edilmiştir. Çalışmadan elde edilen bulgulara göre; enflasyon ekonomik büyümeyi negative yönde etkilemektedir. Þöyle ki, enflasyon oranındaki %10'luk bir artış ekonomik büyümeyi %1.9...
Persistent link: https://www.econbiz.de/10010322148