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Hintermaier, Thomas; Koeniger, Winfried - 2015

We show that the size of collateralized household debt determines an economy's vulnerability to crises of confidence. The house price feeds back on itself by contributing to a liquidity effect, which operates through the value of housing in a collateral constraint. Over a specific range of debt...

Persistent link: https://www.econbiz.de/10011401681

The Long-Term Effects of Labor Market Entry in a Recession: Evidence from the Asian Financial Crisis

Choi, Eleanor J.; Choi, Jaewoo; Son, Hyelim - 2020

This study investigates the long-term effects of initial labor market conditions by comparing cohorts who graduated from college before, during, and after the 1997–1998 Asian financial crisis in South Korea. We measure the overall welfare effect by examining their labor market activities,...

Persistent link: https://www.econbiz.de/10012207690

Interpreting time horizon effects in inter-temporal choice

Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe - 2012

We compare different designs that have been used to test for an impact of time horizon on discounting, using real incentives and two representative data sets. With the most commonly used type of design we replicate the typical finding of declining (hyperbolic) discounting, but with other designs...

Persistent link: https://www.econbiz.de/10010282129

Interpreting Time Horizon Effects in Inter-Temporal Choice

Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe - Institute for the Study of Labor (IZA) - 2012

Persistent link: https://www.econbiz.de/10009652536

Trust and control at the workplace: evidence from representative samples of employees in Europe

Grund, Christian; Harbring, Christine - 2009

performance appraisal systems, monitoring by supervisors, autonomy to organize the work) and individuals' inclination to trust … others. Trust is measured by the general trust question like in most other economic studies based on surveys. We find that … negatively related to trust. Moreover, we contribute to the literature on trust by gathering hints to other potential …

Persistent link: https://www.econbiz.de/10010269411

Trusting Former Rebels: An Experimental Approach to Understanding Reintegration after Civil War

Bauer, Michal; Fiala, Nathan; Levely, Ian - 2014

aware of the behavioral difference: they trust ex-soldiers more because they expect them to be more trustworthy. Last, we …

Persistent link: https://www.econbiz.de/10010352212

Culture of Trust and Division of Labor

Meier, Stephan; Stephenson, Matthew - 2015

- specifically the trust environment - and its internal structure. We show experimentally that exogenously imposed culture … endogenously leads to variation in organizational form. We prime trust using past performance from a pilot study and demonstrate … that the level of trust within an organization affects division of labor and consequently organizational productivity. This …

Persistent link: https://www.econbiz.de/10010531679

Conditional Cooperation and Betrayal Aversion

Cubitt, Robin; Gächter, Simon; Quercia, Simone - 2015

We investigate whether there is a link between conditional cooperation and betrayal aversion. We use a public goods game to classify subjects by type of contribution preference and by belief about the contributions of others; and we measure betrayal aversion for different categories of subject....

Persistent link: https://www.econbiz.de/10011307454

Responding to (Un)Reasonable Requests

Pelligra, Vittorio; Reggiani, Tommaso; Zizzo, Daniel John - 2016

We consider the notions of static and dynamic reasonableness of requests in a trust game experiment. We vary …

Persistent link: https://www.econbiz.de/10011559617

Incentives and group identity

Masella, Paolo; Meier, Stephan; Zahn, Philipp - 2012

This paper investigates in a principal-agent environment whether and how group membership influences the effectiveness of incentives and when incentives can have hidden costs, i.e., a detrimental effect. We show experimentally that in all interactions control mechanisms can have hidden costs for...

Persistent link: https://www.econbiz.de/10010283958