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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 …
Persistent link: https://www.econbiz.de/10012917090
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Produce or Speculate? Asset Bubbles, Occupational Choice and Efficiency
Cahuc, Pierre - 2009
We study the macroeconomic effects of rational asset bubbles in an overlapping-generations economy where asset trading … are large, the private gains associated with trading asset bubbles may lead too many workers to become speculators …, thereby causing rational bubbles to lose their efficiency properties. Moreover, if speculation can be carried out by skilled …
Persistent link: https://www.econbiz.de/10013153172
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League-Table Incentives and Price Bubbles in Experimental Asset Markets
Cheung, Stephen L. - 2011
We study experimental markets in which participants face incentives modeled upon those prevailing in markets for managed funds. Each participant's portfolio is periodically evaluated at market value and ranked in a league table according to short-term paper returns. Those who rank highly attract...
Persistent link: https://www.econbiz.de/10013124787
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Wage Inequality in Germany after the Minimum Wage Introduction
Bossler, Mario - 2020
We revisit the development of monthly wages in Germany between 2000 and 2017. While wage inequality strongly increased …
Persistent link: https://www.econbiz.de/10012840443
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A Note on the Importance of Normalizations in Dynamic Latent Factor Models of Skill Formation
Bono, Emilia Del - 2020
In this paper we highlight an important property of the translog production function for the identification of treatment effects in a model of latent skill formation. We show that when using a translog specification of the skill technology, properly anchored treatment effect estimates are...
Persistent link: https://www.econbiz.de/10012822831
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Rising Wage Inequality in Germany : Increasing Heterogeneity and Changing Selection into Full-Time Work
Biewen, Martin - 2017
This study revisits the increase in wage inequality in Germany. Accounting for changes in various sets of observables …
Persistent link: https://www.econbiz.de/10012945241
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Deconstructing Theories of Overeducation in Europe : A Wage Decomposition Approach
McGuinness, Seamus - 2016
rich, previously unavailable, set of factors in the estimation of the effect of overeducation on earnings. Oaxaca …
Persistent link: https://www.econbiz.de/10012999038
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The Role of Sickness in the Evaluation of Job Search Assistance and Sanctions
van den Berg, Gerard J. - 2016
Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However, the possibility to report sick creates an additional moral hazard, since during sickness spells, minimum requirements on search behavior do not apply. This reduces the ex ante...
Persistent link: https://www.econbiz.de/10013001341
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Exit, Voice or Loyalty? An Investigation into Mandated Portability of Front-Loaded Private Health Plans
Atal, Juan Pablo - 2017
We study theoretically and empirically how consumers in an individual private longterm health insurance market with front-loaded contracts respond to newly mandated portability requirements of their old-age provisions. To foster competition, effective 2009, the German legislature made the...
Persistent link: https://www.econbiz.de/10012952588
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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