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Referierte Aufsätze Web of Science
We use single equation and system instrumental variable models to explore if individuals smoke during times of stress (the motivation effect) and if they are successful in self-medicating short-term stress (the self-medication effect). Short-term stress is a powerful motivator of smoking, and the decision to smoke could trigger biological feedback that immediately reduces short-term stress. We use ...
In:
Economics and Human Biology
22 (2016), S. 94-102
| Michael F. Pesko, Christopher F. Baum
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Referierte Aufsätze Web of Science
We use changes in Brazil's tax on capital inflows from 2006 to 2013 to test for direct portfolio effects and externalities from capital controls on investor portfolios. We find that an increase in Brazil's tax on foreign investment in bonds causes fund managers to significantly decrease their portfolio allocations to Brazil in both bonds and equities. Fund managers simultaneously increase allocations ...
In:
Journal of International Economics
99 (2016), S. 85-104
| Kristin Forbes, Marcel Fratzscher, Thomas Kostka, Roland Straub
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Referierte Aufsätze Web of Science
Investigating the impact of family instability is important as more and more children experience different family changes in many industrialized countries. In this paper we examine the dynamics of family structure, looking at the potential effect of yearly maternal partnership transitions on adolescents’ locus of control. We aim at combining research on family instability with research on non-cognitive ...
In:
The B.E. Journal of Economic Analysis & Policy
16 (2016), 3, S. 1439-1471
| Frauke H. Peter, C. Katharina Spieß
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Referierte Aufsätze Web of Science
We investigate the effect of urban land use on residential well-being in major German cities, using panel data from the German Socio-Economic Panel and cross-section data from the European Urban Atlas. We reduce concerns about endogeneity by employing fixed-effects (within) estimators, with individual and city of residence fixed effects, while controlling for a rich set of observables. The results ...
In:
Ecological Economics
121 (2016), S. 117-127
| Christian Krekel, Jens Kolbe, Henry Wüstemann
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Referierte Aufsätze Web of Science
We evaluate alternative models of the volatility of commodity futures prices based on high-frequency intraday data from the crude oil futures markets for the October 2001–December 2012 period. These models are implemented with a simple GMM estimator that matches sample moments of the realized volatility to the corresponding population moments of the integrated volatility. Models incorporating both ...
In:
Energy Economics
53 (2016) S. 175-181
| Christopher F. Baum, Paola Zerilli
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Referierte Aufsätze Web of Science
We compare dictator and impunity games. In impunity games, responders can reject offers but to no payoff consequence to proposers. Because proposers act under impunity, we should expect the same behavior across games, but experimentally observed behavior varies. Responders indeed exercise the rejection option. This threat psychologically influences proposers. Some proposers avoid rejection by offering ...
In:
Economics Letters
141 (2016), S. 119–121
| Alexander S. Kritikos, Jonathan H. W. Tan
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Referierte Aufsätze Web of Science
This paper analyses the impact of the introduction of electromobility in Austria, focusing specifically on the potential demand for electric vehicles in the automotive market. We estimate discrete choice behavioral mixture models considering latent variables; these allows us to deal with this potential demand as well as to analyze the effect of different attributes of the alternatives over the potential ...
In:
Transportation Research Part A: Policy and Practice
83 (2016), S. 30-41
| Francisco J. Bahamonde-Birke, Tibor Hanappi
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Referierte Aufsätze Web of Science
Preferences over jobs depend on wages and non-wage aspects. Variation in wealth may change the importance of income as a motivation for working. Higher wealth levels may make good non-wage characteristics relatively more important. This hypothesis is tested empirically using a reduced form search model in which differential job leaving rates identify willingness to pay for non-wage aspects of jobs. ...
In:
Labour Economics
38 (2016), S. 1-11
| Luke Haywood
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Referierte Aufsätze Web of Science
Unemployment is a major challenge to individuals' development. An important personal resource to ameliorate the negative impact of unemployment may be perceived control, a general-purpose belief system. Little is known, however, about how perceived control itself changes with the experience of unemployment and what the antecedents, correlates, and consequences of such change in perceived control are ...
In:
Journal of Vocational Behavior
93 (2016), S. 103-119
| Frank J. Infurna, Denis Gerstorf, Nilam Ram, Jürgen Schupp, Gert G. Wagner, Jutta Heckhausen
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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