This paper investigates whether risk aversion and impatience are correlated with cognitive ability. We conduct incentive compatible choice experiments measuring risk aversion, and impatience over an annual time horizon, for a representative sample of roughly 1,000 German adults. A measure of...

This paper analyses the determinants of an important component of well-being amongindividuals aged 50 years or older in eleven European countries: satisfaction with social contacts. We use data from the Survey of Health, Ageing and Retirement in Europe and anchoring vignettes to correct for...

This paper discusses and illustrates identification problems in personality psychology.The measures used by psychologists to infer traits are based on behaviors, broadlydefined. These behaviors are produced from multiple traits interacting with incentivesin situations. In general, measures are...

We provide an explanation for the common finding that the effect of retirement onlife satisfaction is negligible. For this we use subjective well-being measures for lifeand domains of life satisfaction that are available in the German Socio-Economic Panel(GSOEP) and show that the effect of...

The risk that flexible forms of employment are harmful to the health of workers is a major public health issue for the many countries, including Australia, where such forms of employment are common or have been growing. We ask whether the century-old system of arbitrated protections for workers...

Skill shortages are often portrayed as a major problem for the economies of many countries including the Australian economy. Yet, there is surprisingly little evidence about their prevalence, causes and consequences. This paper attempts to improve our understanding about these issues by using...

People can choose and they make many choices each and every day. However, most people are unaware of how strong their environment influences the choices they make. In his inaugural address, Bas Donkers highlights the impact of what people see (and what they don’t see), what people experience...