This paper studies the cyclicality of aggregate real wages in Japan. By using both static and dynamic approaches, I measure comovements between real wages and business cycle indicators. This paper finds that while real wages constructed using the consumer price index and the GDP deflator are...

This paper proposes a cumulative sum (CUSUM) based statistic to test if there is a common variance change-point in panel data models. Asymptotic distribution is derived under the null hypothesis and the consistency of the test is proven under the alternative hypothesis. Monte Carlo experiment is...

We use matched survey and administrative data to study interviewer and interview related determinants of misreporting on welfare receipt in interviews. In our data, 12.2 % of German welfare recipients underreport benefit receipt. We find that underreporting is more likely in formal and...

We test in a laboratory experiment the theoretical prediction that risk attitudes have a surprisingly small role in distorting reports from true belief distributions. We find evidence consistent with theory in our experiment.

We propose an estimation strategy for two-sided matching models with non-transferable utility based on the characterization using pre-matching that exploits a fixed-point characterization of the set of stable matchings.

We establish new empirical facts, in line with the recent theoretical literature on infidelity. Infidelity displays seasonality and state dependence. In the US socioeconomic status is not a driver of infidelity and females and males are equally likely to be unfaithful.

In the context of increasingly complex economies, with information more and more complicated to handle, social interaction may allow spontaneous co-operation and be more efficient than market or state regulations to overcome co-ordination and information problems. This article provides a...

Welfare economics relies on consequentialism even though many philosophers have questioned this assumption. Survey evidence, based on a representative sample in Sweden, is presented here suggesting that most people’s ethical perceptions are consistent with consequentialism.

Does market participation promote generalized morality and trust, as postulated by some recent theories? We use experimental data from Zimbabwe and Mozambique to probe into one specific component of this question, and find evidence to the contrary. The short-term effect of market integration...

This paper differentiates between three motives behind punishment in a social dilemma: minimizing inequalities, retaliation against unfair acts, and spitefulness. The experiment shows that cooperators and defectors differently respond to intentions and thereby substantiates Falk et al....