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This paper presents an experimentally validated survey module to measure six key economic preferences – risk aversion, discounting, trust, altruism, positive and negative reciprocity – in a reliable, parsimonious and cost-effective way. The survey instruments included in the module were the...
Persistent link: https://www.econbiz.de/10011450386
We provide new evidence on the extent that survey items in the Preference Survey Module and the resulting Global Preference Survey measuring social preferences - trust, altruism, positive and negative reciprocity - predict behavior in corresponding experimental games outside the original student...
Persistent link: https://www.econbiz.de/10012805359
We provide experimental evidence of behavior consistent with the sunk cost effect. Subjects who earned a lottery via a real-effort task were given an opportunity to switch to a dominant lottery; 23% chose to stick with their dominated lottery. The endowment effect accounts for roughly only one...
Persistent link: https://www.econbiz.de/10012494907
A large literature studies subjective beliefs about economic facts using unincentivized survey questions. We devise randomized experiments in a representative online survey to investigate whether incentivizing belief accuracy affects stated beliefs about average earnings by professional degree...
Persistent link: https://www.econbiz.de/10011993035
This paper advocates the use of Internet data for social sciences with a special focus on human resources issues. It discusses the potentials and challenges of Internet data for social sciences and presents a selection of the relevant literature to establish the wide spectrum of topics, which...
Persistent link: https://www.econbiz.de/10010489607
Time-use researchers are typically interested in the time use of individuals, but time use data are samples of person-days. Given day-to-day variation in how people spend their time, this distinction is analytically important. We examine the conditions necessary to make inferences about the time...
Persistent link: https://www.econbiz.de/10009300130
Researchers use finite mixture models to analyze linked survey and administrative data on labour earnings (or similar variables), taking account of various types of measurement error in each data source. Different combinations of error-ridden and/or error-free observations characterize latent...
Persistent link: https://www.econbiz.de/10012519207
We contribute new UK evidence about measurement errors and employment earnings to a field dominated by findings about the USA. We develop and apply new econometric models for linked survey and administrative data that generalize those of Kapteyn and Ypma (Journal of Labor Economics, 2007). Our...
Persistent link: https://www.econbiz.de/10012519211
Meijer, Rohwedder, and Wansbeek (MRW, Journal of Business & Economic Statistics, 2012) develop methods for prediction of a single earnings figure per worker from mixture factor models fitted using earnings data from multiple linked data sources. MRW apply their method using parameter estimates...
Persistent link: https://www.econbiz.de/10012485862
We investigate how worries in Germany change across time and age, drawing on both closed-ended questions (which typically list a number of worry items) and open-ended questions answered in text format. We find that relevant world events influence worries. For example, worries about peace peaked...
Persistent link: https://www.econbiz.de/10011694829