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Engel, Christoph; Fedorets, Alexandra; Gorelkina, Olga - 2018

Individuals often have to decide to which degree of risk they want to expose others, or how much risk to accept if their choice has an externality on third parties. One typical application is a household. We run an experiment in the German Socio-Economic Panel with two members from 494...

Persistent link: https://www.econbiz.de/10011960821

Willingness to take risk: The role of risk conception and optimism

Dohmen, Thomas; Quercia, Simone; Willrodt, Jana - 2019

We show that the disposition to focus on favorable or unfavorable outcomes of risky situations affects willingness to take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is strongly associated with optimism, a stable facet of...

Persistent link: https://www.econbiz.de/10011994095

Parental separation and the formation of economic preferences

Dahmann, Sarah Christina; Kettlewell, Nathan; Lam, Jack - 2022

We estimate the effect of parental separation on the risk and trust attitudes of German adolescents using a large household survey dataset, which allows us to match respondents to their siblings and parents. Our results indicate that adolescents from separated families are less trusting but have...

Persistent link: https://www.econbiz.de/10013164141

Why do migrants stay unexpectedly? Misperceptions and implications for integration

Kaufmann, Marc; Machado, Joël; Verheyden, Bertrand - 2024

future utility and wage prospects in the host country relative to their country of origin. We describe conditions under which … overestimate the probability of earning less than this indifference wage, or they underestimate their utility in the destination … utility and wages at arrival are associated with staying in the long-term in Germany despite having initially predicted a …

Persistent link: https://www.econbiz.de/10015189274

Income misperception and populism

Albers, Thilo N. H.; Kersting, Felix; Kosse, Fabian - 2022

We propose that false beliefs about the own current economic status are an important factor for explaining populist attitudes. Along with the subjects' receptiveness to rightwing populism, we elicit their perceived relative income positions in a representative survey of German households. We...

Persistent link: https://www.econbiz.de/10013546661

Are senior entrepreneurs happier than who? The role of income and health

Fritsch, Michael; Sorgner, Alina; Wyrwich, Michael - 2023

their leisure time, a main asset of retired individuals. Implications for research, policy, and practitioners are discussed. …

Persistent link: https://www.econbiz.de/10014438357

Maintaining one's living standard at old age: What does that mean? Evidence using panel data from Germany

Dudel, Christian; Ott, Notburga; Werding, Martin - 2013

How much retirement income is needed in order to maintain one's living standard at old age? As it is difficult to find a firm basis for an empirical treatment of this question, we employ a novel approach to assessing an adequate replacement rate vis- a-vis income in the pre-retirement period. We...

Persistent link: https://www.econbiz.de/10010317258

Unfair pay and health

Falk, Armin; Kosse, Fabian; Menrath, Ingo; Verde, Pablo … - 2014

This paper investigates physiological responses to perceptions of unfair pay. We use an integrated approach exploiting complementarities between controlled lab and representative field data. In a simple principal-agent experiment agents produce revenue by working on a tedious task. Principals...

Persistent link: https://www.econbiz.de/10010464368

Emotions, risk attitudes, and patience

Meier, Armando N. - 2019

Previous work has shown that preferences are not always stable across time, but surprisingly little is known about the … reasons for this instability. I examine whether variation in people's emotions over time predicts changes in preferences …

Persistent link: https://www.econbiz.de/10012041905

Experienced well-being and labor market status: The role of pleasure and meaning

Wolf, Tobias; Metzing, Maria; Lucas, Richard E. - 2019

employment status for well-being, incorporating complete time use. Summarizing the average share of pleasurable minutes, we …

Persistent link: https://www.econbiz.de/10012041907

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