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period and individuals are not too risk averse. This paper tests the POUM hypothesis by means of a within subjects experiment … inequality aversion are (partially) controlled for via either the experiment design or the information collected during the … experiment. We find that the POUM hypothesis holds under alternative specifications, even when we control for individual fixed …
Persistent link: https://www.econbiz.de/10010261622
experiment that analyzes the influence of other-regarding preferences on sorting and incentives. Experimental evidence shows that …
Persistent link: https://www.econbiz.de/10010261940
representative behavioral data from a social dilemma experiment. We identify which survey questions intended to elicit people's trust … correlate well with behaviorally exhibited trust in the experiment. People above the age of 65, highly skilled workers and …
Persistent link: https://www.econbiz.de/10010262013
Because costly punishment is not credible, subgame perfection suggests that punishment will not deter free riding, regardless of the size or structure of groups. However, experiments show that people will punish free riders, even at considerable cost. To examine the implications of agents who...
Persistent link: https://www.econbiz.de/10010262078
altruism. Instead, we posit that social reciprocity is a triggered normative response. Our experiment confirms the existence of …
Persistent link: https://www.econbiz.de/10010271935
As wives generally are younger than their husbands, and as they also have a higher life expectancy, wives generally have larger incentives to save for old age than their husbands. This paper analyses the household members? attitudes towards saving for old age, and the relation with the household...
Persistent link: https://www.econbiz.de/10010262446
This paper examines the relative wealth position and the portfolio choices of immigrants in Germany. The empirical findings reveal significant differences in overall wealth and various wealth components between German natives and immigrants. Differences in real estate constitute the major part...
Persistent link: https://www.econbiz.de/10010268158
We use spline interpolation to approximate the subjective cumulative distribution function of an economic agent over the future realization of a continuous (possibly censored) random variable. The method proposed exploits information collected using a small number of probability questions on...
Persistent link: https://www.econbiz.de/10010268457
We study the joint impact of gender and marital status on financial decisions. First, we test the hypothesis that marriage represents - in a portfolio framework - a sort of safe asset, and that this effect is stronger for women. Controlling for a number of observable characteristics, we show...
Persistent link: https://www.econbiz.de/10010268972
Since 1990, most pension plans have shifted the responsibility for directing pension assets to the employee. This study summarizes some of the possible explanations for this rapid shift toward participant direction and uses IRS Form 5500 data to investigate the effect of worker and plan...
Persistent link: https://www.econbiz.de/10010269133