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This paper analyzes the relationship between individuals' locus of control and their savings behavior, i.e. wealth … accumulation, savings rates, and portfolio choices. Locus of control is a psychological concept that captures individuals' beliefs …-of-control gap in savings rates is largest among rich households, the gap in wealth accumulation is particularly large for poor …
Persistent link: https://www.econbiz.de/10010228778
internen Referenzperson mehr sparen - sowohl in Bezug auf Sparniveaus als auch anteilig an ihren permanenten Einkommen. Während …
Persistent link: https://www.econbiz.de/10010225093
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Men are generally found to be more willing to compete than women and there is growing evidence that willingness to compete is a predictor of individual and gender differences in career decisions and labor market outcomes. However, most existing evidence comes from the top of the education and...
Persistent link: https://www.econbiz.de/10011715948
We examine gender differences in competitiveness, using a TV game show where the winner of an elimination competition plays a game of chance worth hundreds of thousands of euros. At several stages of the competition, contestants face a choice between continuing to compete and opting out in...
Persistent link: https://www.econbiz.de/10012164690
A large empirical literature in behavioral economics investigates heterogeneity across individuals and groups in preferences for competition. In this study, we provide a more detailed view on competitiveness by differentiating between four different motivations for entering competitions -...
Persistent link: https://www.econbiz.de/10014288265
A large empirical literature in behavioral economics investigates heterogeneity across individuals and groups in preferences for competition. In this study, we provide a more detailed view on competitiveness by differentiating between four different motivations for entering competitions -...
Persistent link: https://www.econbiz.de/10014290494
Many professional and educational settings require individuals to be willing and able to perform under time pressure. We use a lab experiment to elicit preferences for working under time pressure in an incentivized way by eliciting the minimum additional payment participants require to complete...
Persistent link: https://www.econbiz.de/10013375209
We conduct three lab experiments and use field data from the Dutch Math Olympiad to study how the gender gap in willingness to compete evolves in response to experience. The main result is that women are more likely than men to stop competing if they lose. In the Dutch Math Olympiad, this means...
Persistent link: https://www.econbiz.de/10011563051