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Behavioral Public Economics : Welfare and Policy Analysis with Non-Standard Decision-Makers
Bernheim, B. Douglas; Rangel, Antonio - 2021
This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...
Persistent link: https://www.econbiz.de/10013222646
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Can Financial Incentives Help People Trying to Establish New Habits? Experimental Evidence with New Gym Members
Carrera, Mariana - 2017
We conducted a randomized controlled trial testing the effect of modest incentives to attend the gym among new members of a fitness facility, a population that is already engaged in trying to change a health behavior. Our experiment randomized 836 new members of a private gym into a control...
Persistent link: https://www.econbiz.de/10012951892
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Trust in Public Institutions Over the Business Cycle
Stevenson, Betsey - 2011
the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial … sector. Finally, analysis of several repeated cross-sections of confidence within U.S. states yields similar qualitative …
Persistent link: https://www.econbiz.de/10013128268
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The Organization of Firms Across Countries
Bloom, Nicholas - 2012
We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity through facilitating greater firm decentralization. We collect original data on the decentralization of investment, hiring, production and sales decisions from Corporate Head Quarters...
Persistent link: https://www.econbiz.de/10013116932
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Financial Literacy, Retirement Planning, and Household Wealth
van Rooij, Maarten - 2011
There is ample empirical evidence documenting widespread financial illiteracy and limited pension knowledge. At the same time, the distribution of wealth is widely dispersed and many workers arrive on the verge of retirement with few or no personal assets. In this paper, we investigate the...
Persistent link: https://www.econbiz.de/10013121050
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Confidence and the Transmission of Government Spending Shocks
Bachmann, Ruediger - 2011
There seems to be a widespread belief among economists, policy-makers, and members of the media that the "confidence … augmented to include empirical measures of consumer or business confidence. We also estimate non-linear VAR specifications to … allow for differential impacts of government spending in "normal'' times versus recessions. In normal times confidence does …
Persistent link: https://www.econbiz.de/10013124852
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The Making of a Great Contraction with a Liquidity Trap and a Jobless Recovery
Schmitt-Grohé, Stephanie - 2012
confidence shock. Lack-of-confidence shocks play a central role in generating jobless recoveries, for fundamental shocks, such as …
Persistent link: https://www.econbiz.de/10013097777
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Trust and Cheating
Butler, Jeffrey V. - 2012
When we take a cab we may feel cheated if the driver takes an unnecessarily long route despite the lack of a contract or promise to take the shortest possible path. Is our decision to take the cab affected by our belief that we may end up feeling cheated? Is the behavior of the driver affected...
Persistent link: https://www.econbiz.de/10013098476
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Cycles of Distrust : An Economic Model
Acemoglu, Daron - 2012
We propose a model of cycles of distrust and conflict. Overlapping generations of agents from two groups sequentially play coordination games under incomplete information about whether the other side consists of "extremists" who will never take the good/trusting action. Good actions may be...
Persistent link: https://www.econbiz.de/10013103053
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Money Doctors
Gennaioli, Nicola - 2012
We present a new model of money management, in which investors delegate portfolio management to professionals based not only on performance, but also on trust. Trust in the manager reduces an investor's perception of the riskiness of a given investment, and allows managers to charge higher fees...
Persistent link: https://www.econbiz.de/10013104732