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Persistent link: https://www.econbiz.de/10001612496
We present an OLG model in which life expectancy and environmental quality dynamics are jointly determined. Agents may invest in environmental care, depending on how much they expect to live. In turn, environmental conditions affect life expectancy. As a result, our model produces a positive...
Persistent link: https://www.econbiz.de/10013154479
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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...
Persistent link: https://www.econbiz.de/10012929077
relatively. We test three different theories about observed relative overconfidence. The first theory notes that simple … on 1,016 individuals' relative ability judgments about two cognitive tests rejects the Bayesian model. The second theory … might make this belief worse. Our data also reject this prediction. The third theory is that overconfidence is induced by …
Persistent link: https://www.econbiz.de/10013146457
We study the impact of short-term exposure to ambient air pollution on the spread and severity of COVID-19 in Germany … patients (80+ years): higher levels of air pollution by one standard deviation 3 to 12 days after developing symptoms increase … deaths by 30 percent (males) and 35 percent (females) of the mean. In addition, air pollution raises the number of confirmed …
Persistent link: https://www.econbiz.de/10012829235
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The question of whether and how living in a deprived neighborhood affects the labor market outcomes of its residents has been a subject of great interest for both policy makers and researchers. Despite this interest, empirical evidence of causal neighborhood effects on labor market outcomes is...
Persistent link: https://www.econbiz.de/10012929076
We investigate whether incentive schemes signal social norms and thus affect behavior beyond their direct economic consequences. A principal-agent experiment is studied in which prior to contract choice principals are informed about past actions of other agents and thus have more information...
Persistent link: https://www.econbiz.de/10013079162
In a real-effort experiment, we investigate how the timing of discretionary bonuses affects the relationship between workers and managers. Average output is substantially higher if bonuses are paid in the middle rather than upfront or at the end, as workers increase first-period output to signal...
Persistent link: https://www.econbiz.de/10012915741