payers act according to some non-expected utility theory, and (2) Individual ethical norms and social stigma induce people … subjective probabilities of being penalised according to the rank dependent utility theory, and (2) Tax payers' beliefs about … utility theory. The model explains data 53% better than pure random choices and predicts hours worked in the regular economy …

-step empirical strategy. First, a minimum distance estimation disentangles the aggregate from the idiosyncratic permanent component …

theory suggests that with increasing labor income risk, the reluctance of households to hold stocks increases. We propose to …