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Previous research shows that many people seek financial advice from non-experts, and that peer interactions influence financial decisions. We investigate whether such influences are beneficial, harmful, or simply haphazard. In our laboratory experiment, face-to-face communication with a randomly...
Persistent link: https://www.econbiz.de/10012911100
The idea that worker utility is affected by co-worker wages has potentially broad labor market implications. In a month-long experiment with Indian manufacturing workers, we randomize whether co-workers within production units receive the same flat daily wage or different wages (according to...
Persistent link: https://www.econbiz.de/10012985579
explain differences in the rate of human capital accumulation on the job. Data tracking national soccer team performance and … individual has been a member of an elite team than when he has been a member of lower level teams. The conclusion is borne out by … a rich set of complementary data on: national team performance, player-level performance, performance of foreign players …
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Little is known about the economic mechanisms leading to the high level of clustering in behavior commonly observed in the data. We present a model where agents can interact according to three distinct mechanisms, and we derive testable implications which allow us to distinguish between the...
Persistent link: https://www.econbiz.de/10013079589
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This paper analyzes peer effects among university scientists. Specifically, it investigates whether the number of peers and their average quality affects the productivity of researchers in physics, chemistry, and mathematics. The usual endogeneity problems related to estimating peer effects are...
Persistent link: https://www.econbiz.de/10003867944
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Die Untersuchung sozialer Ungleichheiten gehört zum Hauptgeschäft der Soziologie. Viele Ursache-Wirkungs-Mechanismen für Ungleichheitsphänomene sind gut erforscht, zumeist existieren alternative oder komplementäre Erklärungen für vorhandene Ungleichheiten. Aus dem Wissen, wie...
Persistent link: https://www.econbiz.de/10009722554
Ethnic diversity is typically measured by the well-known Hirschman-Herfindahl Index. This paper discusses the merits of an alternative approach, which is in our view better suited to tease out why and how ethnic diversity matters. The approach consists of two elements. First, all existing...
Persistent link: https://www.econbiz.de/10010227840