This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. We show suggestive evidence for a link between overconfidence and borrowing behavior in a representative survey of German households (GSOEP-IS). This motivates a laboratory experiment to study causality behind these effects. In two experiments, participants can purchase goods by borrowing ...
Das Konjunkturbarometer des Deutschen Instituts für Wirtschaftsforschung (DIW Berlin) ist im Dezember im Vergleich zum Vormonat um rund zwei Punkte gestiegen und liegt nun bei 87,6 Punkten. Damit bleibt die 100-Punkte-Marke, die ein durchschnittliches Wachstum der deutschen Wirtschaft anzeigt, weiterhin deutlich entfernt. Dennoch konnte der Barometerwert erstmals seit Juli wieder etwas zulegen. „Trotz ...
This in-depth analysis offers a quantitative analysis of the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada, six years after its provisional enforcement. Our analysis confirms substantial economic gains: goods exports from the EU to Canada increased by 27 % and imports rose by 32 % due to the agreement. The services sector also showed robust growth, with 19 % and 15 % increases ...
Social interactions are crucial to affective well-being. Still, people vary interindividually and intraindividually in their social needs. Social need regulation theories state that mismatches between momentary social desire and actual social contact result in lowered affect, yet empirical knowledge about this dynamic regulation is limited. In a gender- and age-heterogenous sample, German-speaking ...
