Showing 1 - 10 of 17
Multiplicative growth processes that are subject to random shocks often have a skewed distribution of outcomes. In a number of incentivized laboratory experiments we show that a large majority of participants either strongly underestimate skewness or ignore it completely. Participants...
Persistent link: https://www.econbiz.de/10011128865
Multiplicative growth processes that are subject to random shocks often have a skewed distribution of outcomes. A simple laboratory experiment shows that participants either strongly underestimate skewness or ignore it completely. The participants' choices reveal bounds on their subjective...
Persistent link: https://www.econbiz.de/10011128866
Estimating the effect of ‘ethnic capital’ on human capital investment decisions is complicated by the endogeneity of location choice of immigrants and the reflection problem. We exploit a rare immigrant settlement policy in Germany to identify the causal impact of parental peer-heterogeneity...
Persistent link: https://www.econbiz.de/10011096866
Estimating the effect of 'ethnic capital' on human capital investment decisions is complicated by the endogeneity of location choice of immigrants and the reflection problem. We exploit a rare immigrant settlement policy in Germany to identify the causal impact of parental peer-heterogeneity on...
Persistent link: https://www.econbiz.de/10011105055
Multiplicative growth processes that are subject to random shocks often have a skewed distribution of outcomes. In a number of incentivized laboratory experiments we show that a large majority of participants either strongly underestimate skewness or ignore it completely. Participants...
Persistent link: https://www.econbiz.de/10010764292
Migration economics is a dynamic, fast-growing research area with significant and rising policy relevance. While its scope is continually extending, there is no authoritative treatment of its various branches in one volume. Written by 44 leading experts in the field, this carefully commissioned...
Persistent link: https://www.econbiz.de/10011176505
This chapter investigates the integration processes of immigrants in Germany by comparing certain immigrant groups to natives differentiating by gender and immigrant generation. Indicators which are supposed to capture cultural integration of immigrants are differences in marital behavior as...
Persistent link: https://www.econbiz.de/10008497018
Partnerschaften zwischen Migranten und Einheimischen gelten gemeinhin als Ergebnis erfolgreicher sozialer Integration und möglicherweise treibende Kraft hinter ökonomischem Erfolg. So verfügen inter-ethnisch lebende Migrantinnen und Migranten über eine höhere Schulbildung, einen besseren...
Persistent link: https://www.econbiz.de/10008512976
Taking advantage of the panel structure of the data, the impact of intermarriage on labor market productivity as measured by earnings is examined. Contrarily to previous studies which rely on instrumental variable techniques, selection issues are addressed within a fixed effects framework. The...
Persistent link: https://www.econbiz.de/10008490046
We provide laboratory evidence that people neglect skewness resulting from compound shocks.
Persistent link: https://www.econbiz.de/10008490049