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作者:von Gaudecker, Hans-Martin; van Soest, Arthur; Wengstrom, Erik
作者单位:University of Mannheim; Tilburg University; Lund University; University of Copenhagen
摘要:We analyze risk preferences using an experiment with real incentives in a representative sample of 1,422 Dutch respondents. Our econometric model incorporates four structural parameters that vary with observed and unobserved characteristics: utility curvature, loss aversion, preferences toward the timing of uncertainty resolution, and the propensity to choose randomly rather than on the basis of preferences. We find that all four parameters contribute to explaining choice behavior. The structu...
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作者:Dinkelman, Taryn
作者单位:Princeton University; Princeton University
摘要:This paper estimates the impact of electrification on employment growth by analyzing South Africa's mass roll-out of electricity to rural households. Using several new data sources and two different identification strategies (an instrumental variables strategy and a fixed effects approach), I find that electrification significantly raises female employment within five years. This new infrastructure appears to increase hours of work for men and women, while reducing female wages and increasing ...
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作者:Carneiro, Pedro; Heckman, James J.; Vytlacil, Edward J.
作者单位:University of London; University College London; University of Chicago; University College Dublin; Yale University; Yale University
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作者:Zhang, Xiaoquan (Michael); Zhu, Feng
作者单位:Hong Kong University of Science & Technology; University of Southern California
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作者:Brown, Meta; Flinn, Christopher J.; Schotter, Andrew
作者单位:Federal Reserve System - USA; Federal Reserve Bank - New York; New York University
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作者:Draca, Mirko; Machin, Stephen; Witt, Robert
作者单位:University of London; London School Economics & Political Science; University of London; University College London; University of Surrey
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作者:Gorbachev, Olga
作者单位:University of Delaware
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作者:Mian, Atif; Sufi, Amir
作者单位:University of California System; University of California Berkeley; University of Chicago
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作者:Joskow, Paul L.
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作者:Fehr, Ernst; Hart, Oliver; Zehnder, Christian
作者单位:University of Zurich; Harvard University; University of Lausanne
摘要:Hart and John Moore (2008) introduce new behavioral assumptions that can explain long-term contracts and the employment relation. We examine experimentally their idea that contracts serve as reference points. The evidence confirms the prediction that there is a trade-off between rigidity and flexibility. Flexible contracts-which would dominate rigid contracts under standard assumptions-cause significant shading in ex post performance, while under rigid contracts much less shading occurs. The e...