This paper examines the long-term impact of childhood exposure to aggregate shocks on intertemporal decision-making. Drawing on survey data from 80,000 individuals in 76 countries and exploiting within-country, cross-cohort variation in exposure to natural and man-made disasters, I show that such shocks during childhood significantly reduce patience in adulthood. The effects are concentrated...
The IT and Research Infrastructure , Communications , Finance , and Human Resources and Organisation departments support the work of the Executive Board and research departments. The IT and Research Infrastructure Department combines two former service departments, Library and Information Technology. The department's function is to support the institute's research by providing the necessary ...
While Equity Crowdfunding (ECF) platforms are a virtual space for raising funds, geography remains relevant. To determine how location matters for entrepreneurs using equity crowdfunding (ECF), we analyze the spatial distribution of successful ECF campaigns and the spatial relationship between ECF campaigns and traditional investors, such as banks and venture capitalists (VCs). Using data from the ...
Academic life is full of challenge and possibility. You get to ask big questions, dive deep into ideas, and push the boundaries of what’s known. But the same environment — with its high expectations and constant deadlines — can leave you stretched thin, stuck in your head, and unsure if you’re doing enough. Neeltje van Horen knows that tension well. As a professor of economics and senior advisor...
Trade conflicts, geopolitical tensions, digital disruption, and the climate crisis pose major challenges for the European Union (EU) and its member states. As called for in the Draghi Report, industrial policy measures can increase competitiveness, strengthen resilience, and facilitate the twin transformation. This article explores ways in which competition policy can be realigned to better accommodate ...
