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Referierte Aufsätze Web of Science
A large share of the workforce throughout the developing world is self-employed, and this proportion has increased in recent decades. Assessments of this development vary, with pull factors such as high returns to capital contrasted with push factors such as barriers to more desirable salaried jobs. Using a long panel dataset from Ghana, we empirically investigate the changing structure of earnings ...
In:
Journal of Development Economics
118 (2016), S. 245-265
| Paolo Falco, Luke Haywood
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Referierte Aufsätze Web of Science
Breaches of the security of personal data collected by firms are reported almost daily. Companies are under an increasing political pressure to notify individuals whose privacy as been breached. At the moment, we know virtually nothing about the behavioral impact of data breach notifications. We present the results of an experimental study designed to investigate how breach notifications change the ...
In:
Journal of Economic Behavior & Organization
123 (2016), S. 138-148
| Nicola Jentzsch, Caterina Giannetti, Francesco Feri
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Referierte Aufsätze Web of Science
In this note, we use data from different elections in the German state of North-Rhine Westphalia between 1975 and 2010 to show that the Conservatives profit from lower voter turnout at the expense of the Social Democrats. We deal with the endogeneity of voter turnout by using election day rain as an instrumental variable. Our particular contribution is the comparison of municipal and state electio ...
In:
Electoral Studies
41 (2016), S. 213-224
| Felix Arnold, Ronny Freier
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Referierte Aufsätze Web of Science
In recent years, an increasing number of nationally representative surveys in the social sciences and economics have implemented the Big Five model of personality. While many personality inventories were originally developed in the context of self-administered questionnaires, they are often used by large surveys in face-to-face interview settings instead. Drawing on an experimental research design, ...
In:
Journal of Research in Personality
63 (2016), S. 133-136
| Luisa Hilgert, Martin Kroh, David Richter
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Referierte Aufsätze Web of Science
We analyze the effects of incentive regulation with revenue caps on the investment behaviors of 109 German electricity distribution companies. We hypothesize that with Germany's implementation of incentive regulation in 2009 firms increase their investments in the base year when the rate base is determined for the following regulatory period. We build a model that controls for both firm-specific heterogeneity ...
In:
Energy Economics
57 (2016), S. 192-203
| Astrid Cullmann, Maria Nieswand
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Referierte Aufsätze Web of Science
This paper shows how spillovers from sovereign risk to banks׳ access to wholesale funding establish a bank-sovereign nexus. In a dynamic stochastic general equilibrium set-up, heterogeneous banks give rise to an interbank market where government bonds are used as collateral. Government borrowing under limited commitment is costly ex ante as bank funding conditions tighten when the quality of collateral ...
In:
European Economic Review
87 (2016), S. 34-61
| Philipp Engler, Christoph Große Steffen
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Referierte Aufsätze Web of Science
We examine the relationship between outcomes of securities fraud class action lawsuits (SFCAs) and corporate board turnover rates. Our results indicate that turnover rates for board members are higher when a firm settles a lawsuit than when a suit is dismissed. Outside director turnover is most sensitive to SFCA outcomes, perhaps reflecting reputational effects. Results demonstrate that involvement ...
In:
International Review of Law and Economics
48 (2016), S.14-25
| Christopher F. Baum, James G. Bohn, Atreya Chakraborty
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Referierte Aufsätze Web of Science
Situated at the intersection of the literatures on speculative storage and non-renewable commodity scarcity, this paper considers whether changes in persistence have occurred in long-run U.S. prices of the energy commodities crude oil, natural gas and bituminous coal. We allow for a structural break when testing for a break in persistence to avoid a change in the stochastic properties of prices being ...
In:
Energy Economics
59 (2016), S. 96-103
| Aleksandar Zaklan, Jan Abrell, Anne Neumann
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Referierte Aufsätze Web of Science
We examine how late-life personality development relates to overall morbidity as well as specific performance-based indicators of physical and cognitive functioning in 1,232 older adults in the Berlin Aging Study II (aged 65-88 years). Latent growth models indicated that, on average, neuroticism and conscientiousness decline over time, whereas extraversion and openness increase and agreeableness remains ...
In:
Journal of Research in Personality
65 (2016), S. 94-108
| Swantje Müller, Jenny Wagner, Johanna Drewelies, Sandra Düzel, Peter Eibich, Jule Specht, Ilja Demuth, Elisabeth Steinhagen-Thiessen, Gert G. Wagner, Denis Gerstorf
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Referierte Aufsätze Web of Science
This article studies the interaction of information disclosure and reputational concerns in certification markets. We argue that by revealing information less precisely, a certifier reduces the threat of capture because this reduces her gains from selling fraudulent certificates. As a result, only imprecise disclosure rules are implementable for intermediate discount factors. Our results therefore ...
In:
European Economic Review
89 (2016), S. 345-360
| Martin Pollrich, Lilo Wagner