Abstract:I present evidence on the association between individuals' cognitive abilities, personality traits, and earnings in Poland. I find that cognitive skills and certain personality traits are complements. In particular, I find that cognitive skills and emotional stability are complementary, with neurotic individuals having significantly lower returns to their cognitive skills....
The recent debate on the causes and consequences of income inequality shows striking similarity to the debate in many parts of Europe before 1914. Today and back then the focus was on the role of capital share and market concentration as a cause for rising inequality. In this study we analyze the drivers and consequences of...
ForscherInnen des DIW Berlin, des Leibniz-Instituts für Bildungsforschung und Bildungsinformation (DIPF) und der Universität Hamburg stellen Studien zu nichtmonetären Erträgen von Bildung vor. Dabei geht es um die Auswirkungen von Bildung in den Bereichen Gesundheit, nichtkognitive Fähigkeiten und politische Partizipation. Im Anschluss soll diskutiert werden, was diese...
Children's development is fostered by both high quality Early Childhood Education and Care (ECEC) settings and high quality home learning environments. As we know little about the interrelations between these two environments, we examine whether the child's attendance in a high quality ECEC arrangement relates to the quality of her home learning environment. Using rich NICHD Study of Early Child Care ...
We empirically investigate the possibility that a decision maker prefers to avoid making a decision and instead delegates it to an external device, e.g., a coin flip. A large data set from the centralized clearinghouse for university admissions in Germany shows a choice pattern of applicants that is consistent with coin flipping and that entails substantial consequences for the matching outcome. In ...
Competitive escalation occurs frequently in managerial environments, when decisions create sunk costs and decision makers compete under time pressure. In a series of experiments using a minimal dollar auction paradigm, we test interventions to prevent competitive escalation. Without any intervention, most people, including experienced managers, escalate and lose money by bidding more than the price ...
Based on considerations of societal mothering ideologies, qualitative gender studies suggest detrimental effects of motherhood on women’s mental well-being. However, numerous quantitative life course analyses find no such effect. This dissonance may originate in the measurement of well-being usually employed in longitudinal quantitative designs, which does not capture the dimensions of well-being identified ...
