Narrow search
Showing 1 - 10 of 1,544
Cover Image
Interest Rate Hysteresis in Macroeconomic Investment Under Uncertainty
Belke, Ansgar Hubertus - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …
Persistent link: https://www.econbiz.de/10012863765
Cover Image
Investment and Subjective Uncertainty
Bloom, Nicholas; Davis, Steven J.; Foster, Lucia; … - 2022
A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers … the U.S. Census Bureau for approximately 25,000 manufacturing plants. We find three key results. First, investment is … associated with about a 6% reduction in investment. Second, uncertainty is also negatively related to employment growth and …
Persistent link: https://www.econbiz.de/10014240723
Cover Image
Why Pay Taxes When No One Else Does?
Epstein, Gil S. - 2009
present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and …
Persistent link: https://www.econbiz.de/10013159940
Cover Image
Identification, Screening and Stereotyping in Labour Market Discrimination
Vendrik, Maarten - 2009
According to social-psychological research, feelings of uncertainty in decision-making evoke two opposite responses: (i) reduction of uncertainty by information search, leading to less stereotyping of people, and hence less discrimination; (ii) social identification with an ingroup, inducing...
Persistent link: https://www.econbiz.de/10013153510
Cover Image
Forecasting Errors : Yet More Problems for Identification?
Contini, Bruno - 2009
Forecasting errors pose a serious problem of identification, often neglected in empirical applications. Any attempt of estimating choice models under uncertainty may lead to severely biased results in the presence of forecasting errors even when individual expectations on future events are...
Persistent link: https://www.econbiz.de/10012764650
Cover Image
The Optimal Minimum Wage with Regulatory Uncertainty
Bennett, John - 2015
For two different regulatory standards, we examine the optimal minimum wage in a competitive labour market when the government is uncertain about supply and demand. Solutions are related to underlying supply and demand conditions, and the extent of uncertainty and of rationing efficiency. We...
Persistent link: https://www.econbiz.de/10013009495
Cover Image
Inequality Aversion and Risk Attitudes
Ferrer-i-Carbonell, Ada - 2010
Using self reported measures of life satisfaction and risk attitudes, we empirically test whether there is a relationship between individuals inequality and risk aversion. The empirical analysis uses the German SOEP household panel for the years 1997 to 2007 to conclude that the negative effect...
Persistent link: https://www.econbiz.de/10013148355
Cover Image
Reverse Bayesianism : Revising Beliefs in Light of Unforeseen Events
Becker, Christoph K.; Melkonyan, Tigran; Proto, Eugenio; … - 2021
Bayesian Updating is the dominant theory of learning in economics. The theory is silent about how individuals react to …
Persistent link: https://www.econbiz.de/10013315077
Cover Image
The Distribution of Ambiguity Attitudes
von Gaudecker, Hans-Martin; Wogrolly, Axel; Zimpelmann, … - 2022
This paper analyzes the stability and distribution of ambiguity attitudes using a broad population sample. Using high-powered incentives, we collected six waves of data on ambiguity attitudes about financial markets – our main application – and climate change. Estimating a structural...
Persistent link: https://www.econbiz.de/10014236203
Cover Image
Pandemic-Era Uncertainty
Meyer, Brent; Mihaylov, Emil; Barrero, Jose Maria; … - 2022
. Fifth, our survey evidence suggests that elevated uncertainty is exerting only mild restraint on capital investment plans …
Persistent link: https://www.econbiz.de/10013406440