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Risk, temptation, and efficiency in the one-shot prisoner's dilemma

Gächter, Simon; Lee, Kyeongtae; Sefton, Martin; Weber, … - 2021

) we vary three payoff indices. Indices of risk and temptation capture the unilateral incentives to defect against … reduces cooperation. In neither study, nor in either subject pool of our second study, do we find a significant effect of risk. …

Persistent link: https://www.econbiz.de/10012705584

Risk preference and entrepreneurial investment at the top of the wealth distribution

Fossen, Frank M.; König, Johannes; Schröder, Carsten - 2020

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … standard measure of risk tolerance. We find that wealthy individuals are more likely to be entrepreneurs and invest a larger … ways strongly determined by individual risk tolerance. Since the wealthy dominate aggregate risky investment, their risk …

Persistent link: https://www.econbiz.de/10012389043

Risk-adjusted returns to education

Delaney, Judith - 2019

This paper looks at the joint impact of labour market risk and selection in to the labour market on returns to … education. Accounting for non-employment risk leads to substantial changes in returns while wage risk has little impact. The … risk- adjusted returns to both high school and college for males are larger than unadjusted returns. For females, risk …

Persistent link: https://www.econbiz.de/10012022693

Dynamic contracts and learning by doing

Prat, Julien - 2014

This paper studies the design of optimal contracts in dynamic environments where agents learn by doing. We derive a condition under which contracts are fully incentive compatible. A closed-form solution is obtained when agents have CARA utility. It shows that human capital accumulation...

Persistent link: https://www.econbiz.de/10010246654

Health effects of containing moral hazard : evidence from disability insurance reform

García Gómez, Pilar; Gielen, Anne C. - 2014

We exploit an age discontinuity in a Dutch disability insurance (DI) reform to identify the health impact of stricter eligibility criteria and reduced generosity. Women subject to the more stringent rule experience greater rates of hospitalization and mortality. A €1,000 reduction in annual...

Persistent link: https://www.econbiz.de/10010398992

Moral hazard and less invasive medical treatment for coronary artery disease : the case of cigarette smoking

Margolis, Jesse; Hockenberry, Jason; Grossman, Michael; … - 2014

Comparisons of the effectiveness of two common procedures for Coronary Artery Disease: Percutaneous Coronary Intervention (PCI) and Coronary Artery Bypass Graft (CABG). Evidence indicates that CABG - the more invasive procedure - leads to superior long term outcomes for otherwise similar...

Persistent link: https://www.econbiz.de/10010409884

Working to get fired? : regression discontinuity effects of unemployment benefit eligibility on prior employment duration

Martins, Pedro S. - 2016

In most countries, the unemployed are entitled to unemployment benefits only if they have previously worked a minimum period of time. This institutional feature creates a sharp change at eligibility in the disutility from unemployment and may distort the duration of jobs. In this paper, we...

Persistent link: https://www.econbiz.de/10011543815

Does medicaid coverage for pregnant women affect prenatal health behaviors?

Dave, Dhaval; Kaestner, Robert; Wehby, George - 2016

Despite plausible mechanisms, little research has evaluated potential changes in health behaviors as a result of the Medicaid expansions of the 1980s and 1990s. In this paper, we provide the first national study of the effects of Medicaid on health behaviors for pregnant women, which is a group...

Persistent link: https://www.econbiz.de/10011452186

Cost-sharing and use of health services in Italy : evidence from a fuzzy regression discontinuity design

Ponzo, Michela; Scoppa, Vincenzo - 2016

We use a Regression Discontinuity Design (RDD) to evaluate the impact of cost-sharing on the use of health services. In the Italian health system, individuals reaching age 65 and earning low incomes are given total exemption from cost-sharing for health services consumption. Since the...

Persistent link: https://www.econbiz.de/10011453425

The effect of statutory sick pay regulations on workers' health

Halla, Martin; Pech, Susanne; Zweimüller, Martina - 2015

Social insurance programs typically comprise sick leave insurance. An important policy parameter is how the cost of sick leave are shared between workers, firms, and the social security system. We show that this sharing rule affects not only absence behavior, but also workers' subsequent health....

Persistent link: https://www.econbiz.de/10010532515