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Refereed essays Web of Science
This paper complements evidence on the Allais paradox from advanced countries and educated people by a novel investigation in a poor rural area. The share of Allais-type behavior is indeed high and related to indicators of “lacking ability,” such as poor education, unemployment, and little financial sophistication. Based on prospective reference theory, we extend these characteristics by biased processing ...
In:
Journal of Risk and Uncertainty
54 (2017), 2, S. 129-156
| Tabea Herrmann, Olaf Hübner, Lukas Menkhoff, Ulrich Schmidt
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Refereed essays Web of Science
This paper estimates sibling correlations in cognitive and non-cognitive skills to evaluate the importance of family background for skill formation. Based on a large representative German dataset including IQ test scores and measures of non-cognitive skills, a restricted maximum likelihood model indicates a strong relationship between family background and skill formation. Sibling correlations in non-cognitive ...
In:
Journal of Population Economics
30 (2017), 2, S. 591-620
| Silke Anger, Daniel D. Schnitzlein
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Refereed essays Web of Science
Fundamental changes to security policy in European democracies raise the question of the acceptance of new security measures. This paper aims to explain why new measures are accepted (or not). It combines three core elements that are typically analysed separately in the literature: individual attitudes (especially trust), social context and cost/benefit balancing. Comparing Germany and the UK, the ...
In:
German Politics
26 (2017), 2, S. 292-313
| Mathias Bug, Sebastian Bukow
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Refereed essays Web of Science
This paper provides new evidence on the long- and medium-term impact of extreme weather events on education. Our focus is on Mongolia, where two extremely severe winters caused mass livestock mortality. We use household panel data with information on households' pre-shock location, combined with historic district-level livestock census data and climate data. Our econometric strategy exploits exogenous ...
In:
Journal of Population Economics
30 (2017), 2, S. 433-472
| Valeria Groppo, Kati Krähnert
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Refereed essays Web of Science
Spatial heterogeneity and spatial dependence are two well established aspects of house price developments. However, the analysis of differences in spatial dependence across time and space has not gained much attention yet. This paper jointly analyses these three aspects of spatial data. A panel smooth transition regression model is applied that allows for heterogeneity across time and space in spatial ...
In:
Urban Studies
54 (2017), 2, S. 466-481
| Katharina Pijnenburg
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Refereed essays Web of Science
In this article, the influence of immigrant occupational composition on the earnings of immigrants and natives in Germany is examined. Using data from the German Socio-Economic Panel Study and the German Microcensus, several relevant concepts are tested. The notion of quality sorting states that the differences in wages that are associated with the immigrant share within occupations are due only to ...
In:
International Migration Review
51 (2017), 2, S. 475-505
| Boris Heizmann, Anne Busch-Heizmann, Elke Holst
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Refereed essays Web of Science
In dieser Studie gehen wir der Frage nach, welche Faktoren die einkommensbedingten Unterschiede in der Mortalität erklären können. Auf der Basis des Sozio-oekonomischen Panels (SOEP) werden ereignisanalytische Modelle der Mortalität ab dem Alter 65 geschätzt, die Auskunft über den Mediatoreffekt von acht Faktorenbündeln geben. Als Mediatoren zwischen Einkommen zum Alter 65 und Mortalität werden Bildung, ...
In:
Zeitschrift für Soziologie
46 (2017),2, S. 124-146
| Hannes Kröger, Martin Kroh, Lars Eric Kroll, Thomas Lampert
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Refereed essays Web of Science
Individual willingness to enter competitive environments predicts career choices and labor market outcomes. Meanwhile, many people experience competitive contexts as stressful. We use two laboratory experiments to investigate whether factors related to stress can help explain individual differences in tournament entry. Experiment 1 studies whether stress responses (measured as salivary cortisol) to ...
In:
Experimental Economics
20 (2017), 2, S. 506-530
| Thomas Buser, Anna Dreber, Johanna Mollerstrom
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Refereed essays Web of Science
We assess the properties of currency value strategies based on real exchange rates. We find that real exchange rates have predictive power for the cross-section of currency excess returns. However, adjusting real exchange rates for key country-specific fundamentals (productivity, the quality of export goods, net foreign assets, and output gaps) better isolates information related to the currency risk ...
In:
The Review of Financial Studies
30 (2017), 2, S. 416-441
| Lukas Menkhoff, Lucio Sarno, Maik Schmeling, Andreas Schrimpf
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Refereed essays Web of Science
We use a tailor-made survey on a Swedish sample to investigate how individuals' relative income affects their demand for redistribution. We first document that a majority misperceive their position in the income distribution and believe that they are poorer, relative to others, than they actually are. We then inform a subsample about their true relative income and find that individuals who are richer ...
In:
The Review of Economics and Statistics
99 (2017), 2, S. 201-212
| Mounir Karadja, Johanna Mollerstrom, David Seim