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作者:Kuhn, Peter; Villeval, Marie Claire
作者单位:University of California System; University of California Santa Barbara; National Bureau of Economic Research
摘要:We conduct a real-effort experiment where participants choose between individual compensation and team-based pay. In contrast to tournaments, we find that women choose team-based pay at least as frequently as men in all our conditions and significantly more often in a well-defined subset of conditions. Women's greater attraction to co-operative incentives results in part from their more optimistic assessments of their prospective teammate's ability. Women also respond differently to alternativ...
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作者:Kesternich, Iris; Siflinger, Bettina; Smith, James P.; Winter, Joachim K.
作者单位:KU Leuven; University of Mannheim; RAND Corporation; University of Munich
摘要:We investigate long-run effects of hunger episodes experienced during childhood on health status and behavioural outcomes in later life. We combine self-reported data on hunger experiences from SHARELIFE with administrative data on food supply (caloric rations) in post-war Germany. The data suggest that individual behaviour is a pathway between early life-shocks and adult health. We find that lower-income adults who experienced hunger spend a larger fraction of income on food. Taken together, ...
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作者:Smith, James P.
作者单位:RAND Corporation
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作者:Ambrus, Attila; Rozen, Kareen
作者单位:Duke University; Yale University
摘要:This article shows that when multiple selves' preferences are aggregated into a decision, even if the researcher has a fully specified theory of how preferences get aggregated, there are typically no testable implications without restricting the number of selves. This points to the importance of collecting reliable information on the number of selves in interpersonal and intrapersonal decision-making contexts. We establish the result through a linear relationship between the number of selves a...
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作者:Dietz, Simon; Stern, Nicholas
作者单位:University of London; London School Economics & Political Science
摘要:To slow or not to slow' (Nordhaus, 1991) was the first economic appraisal of greenhouse gas emissions abatement and founded a large literature on a topic of worldwide importance. We offer our assessment of the original article and trace its legacy, in particular Nordhaus's later series of DICE' models. From this work, many have drawn the conclusion that an efficient global emissions abatement policy comprises modest and modestly increasing controls. We use DICE itself to provide an initial ill...
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作者:Courtemanche, Charles; Heutel, Garth; McAlvanah, Patrick
作者单位:University System of Georgia; Georgia State University; National Bureau of Economic Research; University of North Carolina; University of North Carolina Greensboro
摘要:This article explores the relationship between time preferences, economic incentives and body mass index (BMI). We provide evidence of an interaction effect between time preference and food prices, with cheaper food leading to the largest weight gains among those exhibiting the most impatience. The interaction of changing economic incentives with heterogeneous discounting may help explain why increases in BMI have been concentrated amongst the distribution's right tail. We also model time-inco...
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作者:Han, Li; Li, Tao; Zhao, Yaohui
作者单位:Hong Kong University of Science & Technology; University of Macau; Peking University
摘要:Using a matching model, we show that marital sorting by status tends to decline as parental statuses become less complementary in determining their children's status. Our test explores a policy change in China in which men are granted the same rights as women in passing residency permits (hukou) to their children regardless of their spouse's hukou - a change resulting in a less complementary status inheritance technology. We find that this change disrupted the previously rigid sorting by hukou...
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作者:Basu, Kaushik; Stiglitz, Joseph E.
作者单位:The World Bank; Cornell University; Columbia University
摘要:As the euro area crisis drags on, it is evident that a part of the problem lies in the architecture of debt within the euro area. This study argues that at least part of the debt problem could be addressed through limited cooperative action entailing appropriately structured contracts generating cross-country liability for sovereign debt incurred by individual nations within the European Union. Such agreements are currently proscribed by the Treaty of Lisbon. We construct a game-theoretic mode...
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作者:Aikman, David; Haldane, Andrew G.; Nelson, Benjamin D.
作者单位:Bank of England
摘要:Credit cycles have been a characteristic of advanced economies for over 100years. On average, a sustained pick-up in the ratio of credit to GDP has been highly correlated with banking crises. The boom phases of the cycle are characterised by large deviations in credit from trend. A range of mechanisms can generate these effects, each of which has strategic complementarity between banks at its core. Macro-prudential policy could curb these credit cycles, both through raising the cost of maintai...
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作者:Atkinson, A. B.; Sandmo, A.
作者单位:University of London; London School Economics & Political Science; Norwegian School of Economics (NHH)