Showing 1 - 10 of 212
We present results from a field experiment testing the gift-exchange hypothesis inside a tree-planting firm paying its workforce incentive contracts. Firm managers told a crew of tree planters they would receive a pay raise for one day as a result of a surplus not attributable to past planting...
Persistent link: https://www.econbiz.de/10013317148
that have relatively similar backgrounds and tax systems: Australia, Canada, New Zealand, the UK, and the US. The first …
Persistent link: https://www.econbiz.de/10013141780
Agents operating in illegal markets cannot resort to the justice system to guarantee property rights, to enforce contracts, or to seek protection from competitors' improper behaviors. In these contexts, violence is used to enforce previous agreements and to fight for market share. This...
Persistent link: https://www.econbiz.de/10013120844
We investigate the economic relevance and the composition of gifts within a firm where output is contractible. We develop a structural econometric model that identifies workers' optimal reaction to monetary gifts received from their employer. We estimate the model using data from two separate...
Persistent link: https://www.econbiz.de/10013157254
in a Dark Forest universe; and (iii) the relevance of economics' Mythical Agent (homo economicus) for the design of value …
Persistent link: https://www.econbiz.de/10014241972
In this paper we propose the use of machine learning methods to estimate inequality of opportunity. We illustrate how our proposed methods—conditional inference regression trees and forests—represent a substantial improvement over existing estimation approaches. First, they reduce the risk...
Persistent link: https://www.econbiz.de/10013213350
We examine the gender wealth gap with a focus on pension wealth and statutory pension rights. By taking into account … rights reduces the gender wealth gap. The data for our analysis come from the German Socio-Economic Panel (SOEP), one of the … few surveys collecting information on wealth and pension entitlements at the individual level. Pension wealth data are …
Persistent link: https://www.econbiz.de/10014076713
lifetime resources (income and wealth) motivated by economic theory that account for generational differences in life … wage income and disposable income measured over narrow windows of age that are used to proxy lifetime wealth. The …
Persistent link: https://www.econbiz.de/10014078013
Inflows; this is true across the distribution of Total Inflows, as well as at all levels of net wealth.Gifts and inheritances … mitigate wealth inequality …
Persistent link: https://www.econbiz.de/10014083901
We present the first estimates of intergenerational wealth correlation for Australia, using HILDA. The rank correlation … varies greatly by child age when wealth is observed, from 0.1 before age 30, to 0.5 after age 40. Most children in our ….306. Wealth correlations are difficult to interpret and not well grounded in theory. We therefore also implement Boserup et al …
Persistent link: https://www.econbiz.de/10014084056