This paper investigates how people differentiate between inequality caused by talent and inequality caused by luck in a large-scale study of the US population. We establish that people distinguish significantly between inequality due to luck and inequality due to talent, even when controlling...

We investigate whether income growth causes an increased concern for mitigating negative externalities from consumption. We conduct laboratory market experiments in which firms and consumers can exchange products that differ in the degree to which they diminish negative external impacts at the...

In dieser Studie werden anhand einer experimentellen Datenerhebung im Rahmen der deutschen Längsschnittstudie Sozio-oekonomisches Panel (SOEP) mögliche Determinanten des Belohnungsaufschubs im Alter von fünf bis sechs Jahren untersucht (im Folgenden als „Geduld bei Kindern“ bezeichnet)....

In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort but also leaving more opportunities for shirking. These "high-performance work systems" are difficult to understand in terms of standard moral hazard models. We show...

In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort but also leaving more opportunities for shirking. These "high-performance work systems" are difficult to understand in terms of standard moral hazard models. We show...

Partnerships are the prevalent organizational form in many industries. Most partnerships share profits equally among the partners. Following Kandel and Lazear (1992) it is often argued that "peer pressure'' mitigates the arising free-rider problem. This line of reasoning takes the equal sharing...

In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort but also leaving more opportunities for shirking. These "high-performance work systems" are difficult to understand in terms of standard moral hazard models. We show...

The formation of human capital is important for a society's welfare and economic success. Recent literature shows that child health can provide an important explanation for disparities in children's human capital development across different socio-economic groups. While this literature focuses...

The formation of human capital is important for a society's welfare and economic success. Recent literature shows that child health can provide an important explanation for disparities in children's human capital development across different socio-economic groups. While this literature focuses...