As from a political economy perspective, politicians often fail to implement structural reforms, we investigate if the resistance to reform is based on the differences in the risk preferences of voters, politicians, and bureaucrats. Based on the empirical results of a survey of the population in...

English Abstract: This paper analyses the income effect of the participation in elite sports using a unique dataset on former German top-level athletes. To quantify the average treatment effect we use covariate nearest neighbour matching. While our treatment group consists of formerly top-level...

This paper analyses the income effect of the participation in elite sports. To quantify the average difference in the monthly net income of former elite athletes and non-athletes we estimate sample average treatment effect scores (SATT) by using covariate nearest-neighbour matching (CVM). While...