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Friehe, Tim; Mechtel, Mario - 2014

This paper shows that households with positional concerns and convex status utility use gambling to attempt leapfrogging in the social hierarchy. We test this theoretical prediction relying on household data that is representative for Germany, proxying the status orientation of households by...

Persistent link: https://www.econbiz.de/10010240591

Conspicuous consumption and political regimes : evidence from East and West Germany

Friehe, Tim; Mechtel, Mario - In: European economic review : EER 67 (2014), pp. 62-81

Persistent link: https://www.econbiz.de/10010423034

Gambling to leapfrog in status?

Friehe, Tim; Mechtel, Mario - In: Review of Economics of the Household 15 (2017) 4, pp. 1291-1319

Persistent link: https://www.econbiz.de/10011808840

Does it really get better with age? Life-cycle patterns of confidence in Germany

Pannenberg, Markus; Friehe, Tim - 2019

This paper investigates if and how confidence at the individual level changes over the course of a life. We provide age … profiles of a novel continuous confidence measure and the probability of overconfidence, conditioning on personality traits … gross wage distribution as our measure of confidence. We find that both the level of confidence and the overconfidence …

Persistent link: https://www.econbiz.de/10012099059