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by raising their skill levels. This is the most effective way to get people out of poverty. Education is the area where … is increasing rapidly, and to close the gender gap in the labour market. The health and pension systems play a …
Persistent link: https://www.econbiz.de/10011577747
pervasive informal sector and a wide wage dispersion reflecting a large education premium for those with higher education …
Persistent link: https://www.econbiz.de/10009769636
Sweden ranks among the best OECD countries in terms of gender equality. Women have a high employment rate, outperform … men in education and are well represented in government and parliament. Nevertheless, without further policy measures … entrepreneurs. Hence, there is scope to make further progress on gender equality. The share of the parental leave reserved for each …
Persistent link: https://www.econbiz.de/10011700409
Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers. As a consequence, consumers are often exploited and market efficiency is threatened. However, in the digital age, it has become easy and cheap for consumers to self-diagnose...
Persistent link: https://www.econbiz.de/10011980932
We present a natural field experiment designed to examine the extent to which priming can influence the behaviour of sellers in a real world market for credence goods. We employed 40 testers to take 600 taxi journeys in and around Vienna, Austria. Using a between-subject design we vary the...
Persistent link: https://www.econbiz.de/10012228204
We present the results of a randomized intervention in schools to study how teaching financial literacy affects risk and time preferences of adolescents. Following more than 600 adolescents, aged 16 years on average, over about half a year, we provide causal evidence that teaching financial...
Persistent link: https://www.econbiz.de/10012256256
Rankings are a pervasive feature of the finance industry. Although they have no direct monetary consequences, rankings provide utility for intrinsic (positive self-image) and extrinsic (status) reasons. We recruit a unique subject pool of 204 financial professionals and investigate how anonymous...
Persistent link: https://www.econbiz.de/10011417442
Status and reputation concerns are conjectured to be important especially in markets with information asymmetries between buyers and sellers, such as in credence goods markets. To investigate the effects of status and reputation on reciprocal behavior of sales personnel in a financial credence...
Persistent link: https://www.econbiz.de/10012130122
We present the results of a pre-registered natural field experiment designed to uncover a sophisticated form of discrimination against an immigrant minority in a market for credence goods. For this purpose, we introduce two markups: (i) the credence goods markup defined as the difference between...
Persistent link: https://www.econbiz.de/10012019631
Credence goods markets with their asymmetric information between buyers and sellers are prone to large inefficiencies. In theory, poorly informed consumers can protect themselves from maltreatment through sellers by asking for second opinions from other sellers. Yet, empirical evidence whether...
Persistent link: https://www.econbiz.de/10012220084