Should one expect a worker’s productivity, and thus wage, to depend on the productivity of his/her co-workers in the same workplace, even if the workers carry out completely independent tasks and do not engage in team work? This may well be the case because social interaction among co-workers...

We analyse the political economy of the public provision of private goods when individuals care about their social status. Status concerns motivate richer individuals to vote for the public provision of goods they themselves buy in markets: a higher provision level attracts more individuals to...

The European banking union has so far lacked its third pillar: a joint insurance fund for bank savings deposits. As the present study shows, this could be a major disadvantage in dealing with the economic impact of the corona pandemic. A scenario in which a wave of corporate insolvencies leads...

Der europäischen Bankenunion fehlt bisher die dritte Säule: ein gemeinsamer Sicherungsfonds für die Einlagen von SparerInnen bei Banken. Wie diese Studie zeigt, könnte dies im Zuge der wirtschaftlichen Auswirkungen der Corona-Pandemie Nachteile mit sich bringen. Ein Szenario, in dem es durch...

Using a laboratory experiment, we present first evidence that social image concerns causally reduce the take-up of an individually beneficial transfer. Our design manipulates the informativeness of the take-up decision by varying whether transfer eligibility is based on ability or luck, and how...