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Individual risk attitudes : new evidence from a large, representative, experimentally-validated survey

Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe; … - 2005

questions and a representative sample of roughly 22,000 individuals living in Germany. Using a question that asks about … predictive power of all of the risk measures. Strikingly, the general risk question predicts all behaviors whereas the standard …

Persistent link: https://www.econbiz.de/10003091928

Potential, prizes and performance : testing tournament theory with professional tennis data

Sunde, Uwe - 2003

This paper tests two hypotheses from the theory of elimination tournaments: (i) that uneven tournaments, where the … contestants are ex ante heterogeneous, entail lower effort exertion; this is a prediction from agency theory that has not been … underlies any agency theory about elimination tournaments, and has been empirically tested in other contexts. The evidence …

Persistent link: https://www.econbiz.de/10010261647

Life expectancy and economic growth: the role of the demographic transition

Cervellati, Matteo; Sunde, Uwe - 2009

the role of the econometric specification. We present a simple theory of the economic and demographic transition where … individuals' education and fertility decisions depend on their life expectancy. The theory predicts that before the demographic …

Persistent link: https://www.econbiz.de/10010269079

Unobserved Bilateral Search on the Labor Market: A Theory-Based Correction for a Common Flaw in Empirical Matching Studies

Sunde, Uwe - 2002

This paper develops a model of equilibrium unemployment with (unobservable) endogenous on-the-job search and (partly unobservable) endogenous search behavior by firms. The model allows to analyze crowding-out of unemployed job seekers by endogenous on-the job search of employees, and the...

Persistent link: https://www.econbiz.de/10010262710

Cross-sectional earnings risk and occupational sorting: the role of risk attitudes

Bonin, Holger; Dohmen, Thomas; Falk, Armin; Huffman, David - 2006

This paper investigates whether risk preferences explain how individuals are sorted into occupations with different earnings variability. We exploit data from the German Socio-Economic Panel, which contains a subjective assessment of willingness to take risks whose behavioral relevance has been...

Persistent link: https://www.econbiz.de/10010267608

Non-additivity of subjective expectations over different time intervals

Haan, Peter; Sun, Chen; Sunde, Uwe; Weizsäcker, Georg - 2022

We examine the additivity of stock-market expectations over different time intervals. When asked about a ten-year interval, survey respondents expect a stock-price change that is not equal to, but closer to zero than, the sum of their expectations over two shorter time intervals that cover the...

Persistent link: https://www.econbiz.de/10013466524

Are all democracies equally good? The role of interactions between political environment and inequality for rule of law

Sunde, Uwe; Cervellati, Matteo; Fortunato, Piergiuseppe - 2007

Using cross-country data, we find evidence for a significant negative interaction effect between democracy and inequality in determining the quality of growth-promoting institutions like rule of law. Democracy is associated with institutions of higher quality when inequality is lower.

Persistent link: https://www.econbiz.de/10010268341

Democratization and civil liberties: The role of violence during the transition

Cervellati, Matteo; Fortunato, Piergiuseppe; Sunde, Uwe - 2011

emerging democracies, and in particular, the protection of civil (political and economic) liberties. A simple theory in which …

Persistent link: https://www.econbiz.de/10010274710

Democratization, violent social conflicts, and growth

Cervellati, Matteo; Sunde, Uwe - 2011

This paper investigates the empirical role of violent conflicts for the causal effect of democracy on economic growth. Exploiting within-country variation to identify the effect of democratization during the Third Wave, we find evidence that the effect of democratization is weaker than reported...

Persistent link: https://www.econbiz.de/10010278790

Human capital and growth: Specification matters

Sunde, Uwe; Vischer, Thomas - 2011

This paper suggests that the weak empirical effect of human capital on growth in existing cross-country studies is partly the result of an inappropriate specification that does not account for the different channels through which human capital affects growth. A systematic replication of earlier...

Persistent link: https://www.econbiz.de/10010280676