Showing 1 - 10 of 308
Well-functioning groups enforce social norms that restrain opportunism, but the social structure of a society may encourage or inhibit norm enforcement. Here we study how the exogenous assignment to different positions in an extreme social hierarchy - the caste system - affects individuals'...
Persistent link: https://www.econbiz.de/10003879377
Formal or informal institutions have long been adopted by societies to protect against opportunistic behavior. However, we know very little about how these institutions are chosen and their impact on behavior. We experimentally investigate the demand for different levels of institutions that...
Persistent link: https://www.econbiz.de/10012226471
We investigate the determinants of giving in a lab-in-the-field experiment with large stakes. Study participants in urban Mozambique play dictator games where their counterpart is the closest person to them outside their household. Dictators share more with counterparts when they have the option...
Persistent link: https://www.econbiz.de/10010194757
There is now an extensive literature on "gift exchange" showing that when principals and agents can trade "gifts …" (rewards that should not emerge in a competitive equilibrium), exchange becomes more efficient. However, it is not obvious how … gift exchange should be organized if the principal's goal is to increase the performance of a reciprocal agent …
Persistent link: https://www.econbiz.de/10011647476
Precipitated by rapid globalization, rising inequality, population growth, and longevity gains, social protection programs have been on the rise in low- and middle-income countries (LMICs) in the last three decades. However, the introduction of public benefits could displace informal mechanisms...
Persistent link: https://www.econbiz.de/10012194596
As skills of labor-market entrants are usually not directly observed by employers, individuals acquire skill signals …. To study which signals are valued by employers, we simultaneously and independently randomize a broad range of skill … signals on pairs of resumes of fictitious applicants among which we ask a large representative sample of German human …
Persistent link: https://www.econbiz.de/10011795128
Using data from the Health and Retirement Study (HRS), we make two contributions to the literature on end-of-life transfers. First, we show that unequal bequests are much more common than generally recognized, with one-third of parents with wills planning to divide their estates unequally among...
Persistent link: https://www.econbiz.de/10010473191
exchange as motives to transfer. The model makes predictions about the correlations between misperceptions and transfers under … or an exchange motive with the recipient holding all the bargaining power. …
Persistent link: https://www.econbiz.de/10010398780
This paper studies how an institution such as markets affects the evolution of mankind. My key point is that the forces of natural selection are made weaker because trade allows people to specialize in those activities where they are strong, and to offset their weaknesses by purchasing adequate...
Persistent link: https://www.econbiz.de/10011414433
This paper develops a theory of the allocation of authority between two parties that produce impure public goods. We show that the optimal allocation depends on technological factors, the parties' valuations of the goods produced, and the degree of impurity of these goods. When the degree of...
Persistent link: https://www.econbiz.de/10003392741