Unfortunately the event is canceled. As soon as a new date is fixed, it will be announced here on the website. BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.
Abstract: How exactly do individuals approach financial decisions? Do they apply sophisticated formulas, back of the envelope math, do they guess or something else? We show that literally asking individuals to explain their approaches generates new insights about those questions that are reliable and have predictive power out of sample. We find, for example, that when assessing the
Abstract: Trust is thought to be an important driver of economic growth and other economic outcomes. Previous studies suggest that trust may be a combination of risk attitudes, distributional preferences, betrayal aversion, and beliefs about the probability of being reciprocated. We compare the results of a binary trust game to the results of a series of control treatments that remove the
BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.
Using large-scale data from the German Socio-Economic Panel (SOEP), this paper finds that financial professionals have a lower prosociality and riskier behavior than a control group. I interpret these findings using the person-organization fit theory, and thus, the compatibility between the employee's personality and the prevailing culture in their organization.
In 2018, participants in the Socio-Economic Panel were asked for the third time whether and how much money they had donated in the past year to social, church, cultural, charitable and non-profit causes. This paper examines the results of this survey and compares them with the previous findings for the years 2009 and 2014. According to SOEP data, almost one in two private individuals in Germany
We here explore the link between individual concerns about crime and the distribution of income in Germany. We make use of 1995-2017 microdata from the German Socio-Economic Panel (SOEP) to show that both individual polarization and relative deprivation have statistically-significant effects on reported concerns about crime, while relative satisfaction plays no role. At the aggregate level, the
Using large-scale data from the German Socio-Economic Panel (SOEP), this paper finds that financial professionals have a lower prosociality and riskier behavior than a control group. I interpret these findings using the person-organization fit theory, and thus, the compatibility between the employee’s personality and the prevailing culture in their organization. The financial sector attracts riskier
Economic and social transformation of China during the past 40 years is without precedent in human history. While the economic transformation was extensively studied, social transformation was not. In this paper, we use for the first time harmonized household surveys covering the period 1988-2013 to study the changes in the characteristics of the richest 5 percent of China&rsquo
(together with Fabian Kosse and Armin Falk) In this project we investigate the determinants of locus of control using data from the BRIQ Family Panel. Particular interest lies in the effectiveness of a one year mentoring intervention which targeted low SES children at the age of 7 to 9.We find that the mentoring intervention had no effect on locus of control in the first 5 waves
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