Showing 151 - 160 of 990
This contribution studies the influence of poor politico-economic factors, unfavorable demographic conditions, state failure, modernization, secularization, globalization and the perceived dependency of the Islamic world from the West on the onset of armed Islamist activity for 155 countries...
Persistent link: https://www.econbiz.de/10011164026
We demonstrate that upward-looking comparisons induce "keeping up with the richer Joneses"-behavior. Using data from the German Socio-Economic Panel, we estimate the effect of reference consumption, defined as the consumption level of all households who are perceived to be richer, on household...
Persistent link: https://www.econbiz.de/10011164027
We study education and income tax policies in a model with endogenous selection into college. Our framework is strongly influenced by the empirical college literature and incorporates heterogenous returns and tastes for college, earnings risk (implying uncertain returns to college) and...
Persistent link: https://www.econbiz.de/10011164028
The present paper reports a repeated experiment on decision making under risk where subjects have to tackle the same choice problems in several rounds. We fit a simple error model and investigate how behavior changes in the course of the experiment. Our analysis complements and extends Hey...
Persistent link: https://www.econbiz.de/10011164029
This paper provides the exact analytical solution for the standard model of endogenous growth when consumers have present-biased preferences and make time-inconsistent savings plans, which they revise continuously. It is shown that long-run growth is not necessarily lower under present-biased...
Persistent link: https://www.econbiz.de/10011164030
We develop a theoretical model of mortgage loss rates that evaluates their main underlying risk factors. Following the model, loss rates are positively influenced by the house price level, the loan-to-value of mortgages, interest rates, and the unemployment rate. They are negatively influenced...
Persistent link: https://www.econbiz.de/10011164031
The expanding/contracting behavior of monetary macroeconomic models is largely driven by government deficits. Their monetary effects on inflation and monetary growth determine the real value of money (or of government debt) in the long run. Only positive stationary (constant) real values of...
Persistent link: https://www.econbiz.de/10011164032
Successful innovation is a precondition for economic prosperity. While various potential determinants of innovative activity have been considered, little empirical evidence is yet available for the influence of firm governance issues. This paper aims at filling this gap in the literature by...
Persistent link: https://www.econbiz.de/10011164033
In Switzerland, two key church institutions the Conference of Swiss Bishops (CSB) and the Federation of Protestant Churches (FPC) make public recommendations on how to vote for certain referenda. We leverage this unique situation to directly measure religious organizations power to shape human...
Persistent link: https://www.econbiz.de/10011164034
We develop a dynamic stochastic full equilibrium New Keynesian model of two open economies based on stochastic differential equations to analyse the interdependence between monetary policy and financial markets in the context of the recent financial crisis. The effect of bubbles on stock and...
Persistent link: https://www.econbiz.de/10011164035