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This paper studies the relationship between risk propensity, education and financial literacy. The results of the empirical investigation confirm the importance of the key explanatory variables of education and financial competence. Since they are both included in the model, the different roles...
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We study the role of financial literacy for inter-temporal decision-making using an adapted version of the Convex Time Budget Protocol (Andreoni and Sprenger 2012). While we find no evidence of dynamically inconsistent preferences in the aggregate, we document substantial heterogeneity in...
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We present experimental evidence from a bilingual city in Northern Italy on whether the language spoken by a partner in …, but that the gap between cooperation among in-group members and cooperation towards children speaking another language is … considerable and increasing with age. This gap is due to both, in-group favoritism and language group discrimination. …
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