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Fairness in Markets and Market Experiments

Whether pro-social preferences identified in economic laboratory experiments survive in natural market contexts is an important and contested issue. We investigate how fairness in a laboratory experiment framed explicitly as a market exchange relates to preferences for fair trade products elicited before and at the end of the market experiment. We find that the willingness to buy at a higher price...

Housing Market and Sentiment Analysis

The housing issue is one of the hottest social problems. It is widely debated by the society. These debates contain a large subjective component. In addition, they are expected to correlate with the phases of the housing cycle. One of the most visible and durable manifestationsof these debates are the media items. In this study, we aim at assessing the sentiment of these media publications in...

The Dynamics of Attitudes toward Immigrants: Cohort Analyses for Western EU Member States

Public opinion climates on immigrants are subject to certain dynamics. This study examines two mechanisms for such dynamics in Western EU member states for the 2002–2018 period. First, the impact of cohort replacement and, second, the impact of periodic threat perceptions, namely, changing macroeconomic conditions and shifts in immigration rates. To date, empirical research on anti-immigrant sentiments ...

People Underestimate the Errors Made by Algorithms for Credit Scoring and Recidivism Prediction but Accept Even Fewer Errors

This study provides the first representative analysis of error estimations and willingness to accept errors in a Western country (Germany) with regards to algorithmic decision-making systems (ADM). We examine people’s expectations about the accuracy of algorithms that predict credit default, recidivism of an offender, suitability of a job applicant, and health behavior. Also, we ask whether expectations ...

The Role of Personality for Gender Gaps in Political Interest and Activity

Women have been found to be, on average, less interested in politics and less politically active than men, which might reduce the representation of women’s interests in a democracy. In order to enhance the understanding of these gender gaps, this preregistered study analyzes the role of personality differences for gender gaps in political interest and activity.I use a large representative sample of ...

Nuria Boot has successfully defefended her dissertation

Nuria Boot has successfully defended her dissertation at the KU Leuven. The dissertation with the title "Essays on Common Ownership and Financial Benchmark Rates" was supervised by Professor Dr. Jo Seldeslachts (KU Leuven and DIW Berlin). Nuria was a PhD student in the Firms and Markets Department and GC class of 2016. We congratulate Nuria on her success and wish her all the best for her future ...

Production Networks and War

Redistribution and Insurance in Welfare States around the World

Redistribution across individuals within the framework of a one-year period is an empirically intensely studied question. However, a substantial share of annual redistribution might turn out to serve individual insurance in a longer perspective, reducing the level of actual redistribution across individuals. In this paper, we investigate to what extent long-run redistribution diverges from annual redistribution ...

Financial Literacy: Thai Middle-Class Women Do Not Lag Behind

This research studies the stylized fact of a “gender gap” in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap for those with at least minimum wage earnings. This result is not explained by men’s low financial literacy, nor by women’s high income and good education. Rather, country characteristics may influence ...

Do words hurt more than actions? The financial market impact of trade tensions" oder "Stabilization properties of simple interest rate rules with discounting in the Euler Equation