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Locus of Control and Investment in Risky Assets
Salamanca, Nicolas - 2016
We show that household heads with a strong internal economic locus of control are more likely to hold equity and hold a larger share of equity in their investment portfolio. This relation holds when we control for economic preferences and possible confounders such as financial literacy,...
Persistent link: https://www.econbiz.de/10012977336
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Crowdfunding, Cascades and Informed Investors
Parker, Simon C. - 2014
Do higher proportions of (a) informed investors and (b) high-quality projects increase the number of good projects that are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: 'not necessarily'
Persistent link: https://www.econbiz.de/10013057901
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Mind, Body, Bubble! Psychological and Biophysical Dimensions of Behavior in Experimental Asset Markets
Butler, David - 2018
Asset market bubbles and crashes are a major source of economic instability and inefficiency. Sometimes ascribed to animal spirits or irrational exuberance, their source remains imperfectly understood. Experimental methods can isolate systematic deviations from an asset's fundamental value in a...
Persistent link: https://www.econbiz.de/10012917090
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Locus of Control and Consistent Investment Choices
Pinger, Pia R. - 2018
We document that an internal locus of control can be hindering in financial market situations, where short-term outcomes are determined by chance. The reason is that internally controlled individuals may tend to (over-)react to random outcomes. Our evidence is based on an experiment in which...
Persistent link: https://www.econbiz.de/10012918221
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How Information Affects Support for Education Spending : Evidence from Survey Experiments in Germany and the United States
West, Martin R. - 2016
preferences, we implement parallel survey experiments in Germany and the United States. In both countries, support for increased … education spending and teacher salaries falls when respondents receive information about existing levels. Treatment effects vary … by prior knowledge in a manner consistent with information effects rather than priming. Support for salary increases is …
Persistent link: https://www.econbiz.de/10012978960
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Savings, Asset Holdings, and Temporary Migration
Dustmann, Christian - 2011
This paper analyzes savings and asset holdings of immigrants in relation to their return plans. We argue that savings and asset accumulation may be affected by return plans of immigrants. Further, the way savings and assets are held in the home- and host country may also be related to future...
Persistent link: https://www.econbiz.de/10013129924
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Aggregation in Large Dynamic Panels
Pesaran, M. Hashem - 2011
concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to …
Persistent link: https://www.econbiz.de/10013129942
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Profit Sharing and Training
Kraft, Kornelius - 2011
We analyze the impact of profit sharing on the share of workers receiving training. An effect is plausible because: 1) profit sharing is a credible commitment by firms to reward firm-specific skills acquired by formal or informal training, 2) profit sharing may reduce turnover and increase the...
Persistent link: https://www.econbiz.de/10013118053
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Multidimensional Affluence : Theory and Applications to Germany and the US
Peichl, Andreas - 2011
-being in Germany and the US in 2007 as well as for the US over the period 1989-2007. We find distinct country differences with … the country ranking depending on the measure. While in Germany wealth predominantly contributes to the intensity of …
Persistent link: https://www.econbiz.de/10013120839
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Lower and Upper Bounds of Unfair Inequality : Theory and Evidence for Germany and the US
Niehues, Judith - 2011
by comparing Germany and the US based on harmonized micro data. We find significant and robust differences between lower …
Persistent link: https://www.econbiz.de/10013122677