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income, which identifies business income as it is earned by companies rather than when it is paid out as dividends to owners …
Persistent link: https://www.econbiz.de/10015175270
We study a psychologically based foundation for choice errors. The decision maker applies a preference ranking after forming a 'consideration set' prior to choosing an alternative. Membership of the consideration set is determined both by the alternative specific salience and by the rationality...
Persistent link: https://www.econbiz.de/10010269842
Overconfidence is a well-established bias in which someone's subjective confidence in their own judgments is systematically greater than their objective accuracy. There is abundant anecdotal evidence that overconfident people increase their exposure to risk. In this paper, we test whether...
Persistent link: https://www.econbiz.de/10010531705
We model a boundedly rational agent who suffers from limited attention. The agent considers each feasible alternative with a given (unobservable) probability, the attention parameter, and then chooses the alternative that maximises a preference relation within the set of considered alternatives....
Persistent link: https://www.econbiz.de/10010289884
Overconfidence is a well-established bias in which someone's subjective confidence in their own judgments is systematically greater than their objective accuracy. There is abundant anecdotal evidence that overconfident people increase their exposure to risk. In this paper, we test whether...
Persistent link: https://www.econbiz.de/10011269609
We study a psychologically based foundation for choice errors. The decision maker applies a preference ranking after forming a 'consideration set' prior to choosing an alternative. Membership of the consideration set is determined both by the alternative specific salience and by the rationality...
Persistent link: https://www.econbiz.de/10008550521
We model a boundedly rational agent who suffers from limited attention. The agent considers each feasible alternative with a given (unobservable) probability, the attention parameter, and then chooses the alternative that maximises a preference relation within the set of considered alternatives....
Persistent link: https://www.econbiz.de/10010697237
Many studies show that motherhood has substantial impacts on women's wages and earnings, but there is less evidence on … first birth affects mothers' midlife earnings, as well as the role of potential mediators. In the framework of instrumental … any earnings in midlife. However, a later first birth has a negative earnings effect among mothers with any midlife …
Persistent link: https://www.econbiz.de/10015210961
market outcomes. We focus on the impact on earnings and labor market participation both in the short- and in the long … heterogeneity, we find that the negative effect of nonemployment on earnings is especially persistent, being sizeable and …
Persistent link: https://www.econbiz.de/10013351905
This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical … skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To … uncover their relative importance in driving cyclical earnings changes and whether this arises from changes in the returns to …
Persistent link: https://www.econbiz.de/10013426452