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Power and Dignity in the low wage labor market: evidence from Walmart workers

Assessing EU Merger Control through Compensating Efficiencies

Worldwide, the overwhelming majority of large horizontal mergers are cleared by antitrust authorities unconditionally. The presumption seems to be that efficiencies from these mergers are sizeable. We calculate the compensating efficiencies that would prevent a merger from harming consumers for 1,014 mergers affecting 12,325 antitrust markets scrutinized by the European Commission between 1990 and ...

Early Retirement of Employees in Demanding Jobs: Evidence from a German Pension Reform

Early retirement options are usually targeted at employees at risk of not reaching their regular retirement age in employment. An important at-risk group comprises employees who have worked in demanding jobs for many years. This group may be particularly negatively affected by the abolition of early retirement options. To measure differences in labor market reactions of employees in low- and high-demand ...

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 State-Dependent Trading Behavior of Banks in the Oil Futures Market

We study the state-dependent trading behavior of financial institutions in the oil futures market, using structural vector autoregressions with Markov switching in heteroskedasticity. We consider two states of the world: tranquil and turbulent. We decompose the observable time-varying price volatility during the period 2006M6–2016M5 into changes in the slopes of traders’ demand curves and into changes ...

The Seeds of Ideology: Historical Immigration and Political Preferences in the United States

Matching in the Dark? Inequalities in student to degree match