Money illusion means that people behave differently when the same objective situation is represented in nominal terms rather than in real terms. This paper shows that seemingly innocuous differences in payoff representation cause pronounced differences in nominal price inertia indicating the...

Traditionally, models of economic decision-making assume that individuals are rational and emotionless. This chapter argues that the neglect of emotion in economic models explains their inability to predict important aspects of the labor market. We focus on one example: the scarcity of nominal...

We compare the revenues of a house-to-house collection for a charity before and after the introduction of the euro in a ceteris paribus setting. We find strong evidence of money illusion, supplementing earlier econometric, experimental, and survey evidence on its existence.

The Ottoman Empire had a profound impact in Europe, the Middle East and North Africa at the apogee of its power, covering the era between 1453 C. E. and 1699 C. E. In this paper, I exploit the empire's unique culture and institutions to examine the roles of ethnicity and religion in conflict and...

The following paper attempts to trace the construction of the standard employment contract in Germany from the beginning of the 19th century onwards. It was from this point in time that wage labour slowly came into being and later on developed more broadly. At first, state regulations were...

We use data from the Irish census and exploit regional and temporal variation in infant mortality rates over the 20th century to examine effects of early life conditions on later life health. Our main identification is public health interventions which eliminated the Irish urban infant mortality...

The paper provides a historical overview of the pre-modern allocation of work within the territory of the later Germany from the 18th until the middle of the 19th century. We explore how the social allocation of work during the feudal system took place and trace back the development of wage...

The paper provides a historical overview of the development of the initial characteristics of the standard employment contract in Germany from the middle of the 19th century until the beginning of World War I. The beginning of the welfare state in Germany took place during the 1880s on the basis...

Many episodes of extension of franchise in the 19th and especially in the 20th century occurred during or in the aftermath of major wars. Motivated by this fact, we offer a theory of political transitions which focuses on the impact of international conflicts on domestic political institutions....