We empirically study the impact of interim rank on risk taking and performance using data on professionals competing in tournaments for large rewards. As we observe both the intended action and the performance of each participant, we can measure risk taking and performance separately. We present...

We establish an inverse relationship between family ties, generalized trust and political participation. The more individuals rely on the family as a provider of services, insurance, transfer of resources, the lower is civic engagement and political participation. The latter, together with...

Using an international dataset of about 35,000 subjects, this paper provides an empirical example of high-stakes incentives in relation to religious practice. First, we show that incentives (based on absolute belief) play a salient role in religious performance. Second, we find that, when both...

Over the last couple of decades, it has become a commonplace to claim that institutions matterʺ for economic development. Yet, institutions are not exogenous but the result of hu-man action. It is argued here that the values and norms held by substantial parts of society’s members are an...

Der vorliegende Beitrag ist eine Metaanalyse von 99 deutschen Bevölkerungssurveys aus dem GESIS-Datenarchiv, in denen die postmaterialistische Einstellung der Befragten ermittelt wird. Es wird anhand von Mehrebenenmodellen gezeigt, dass sich der Anteil der Postmaterialisten unter Kontrolle von...

Der vorliegende Beitrag ist eine Metaanalyse von 99 deutschen Bevölkerungssurveys aus dem GESIS-Datenarchiv, in denen die postmaterialistische Einstellung der Befragten ermittelt wird. Es wird anhand von Mehrebenenmodellen gezeigt, dass sich der Anteil der Postmaterialisten unter Kontrolle von...

In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the income generation process affects this association. Building on a two-period model of individual life-time utility maximization, we predict that persons with higher perceived...

In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the income generation process affects this association. Building on a two-period model of individual life-time utility maximization, we predict that persons with higher perceived...

This paper studies the transmission mechanism from family culture to economic institutions, by analyzing the impact of the within family organization on the original design of the public pension systems. We build a simple OLG model with families featuring either weak or strong internal ties....

In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the perceived and the actual fairness of the income generation process affects this association. Building on a simple model of individual labor-market participation under...