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We survey samples of German firms and households to document novel stylized facts about the extent of information frictions among the two groups. First, firms' expectations about macroeconomic variables are closer to expert forecasts and less dispersed than households', consistent with higher information frictions among households. Second, the degree of dispersion and the distance from expert ...
In:
Journal of Monetary Economics
135 (2023), April 2023, 99-115
| Sebastian Link, Andreas Peichl, Christopher Roth, Johannes Wohlfahrt
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We provide the first estimates of the impact of managers' risk preferences on their training allocation decisions. Our conceptual framework links managers' risk preferences to firms' training decisions through the bonuses they expect to receive. Risk-averse managers are expected to select workers with low turnover risk and invest in specific rather than general training. Empirical evidence ...
In:
European Economic Review
161 (2024), January 2024, 104616
| Marco Caliendo, Deborah A. Cobb-Clark, Harald Pfeifer, Arne Uhlendorff, Caroline Wehner
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In:
Intereconomics
53 (2018), 3, 158-163
| Marcel Fratzscher
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We use an annual household panel to test which features of prospect theory can be supported by measures of life satisfaction. We also test whether recalled or expected life satisfaction is anchored at current life satisfaction and adjusted in the direction of the recall or expectation. Using a fixed effects estimator we find that life satisfaction contains features of both classic expected utility ...
London:
City, University of London, Department of Economics,
2019,
(Department of Economics Discussion Paper Series No. 19/12)
| Firat Yaman, Patricia Cubí-Mollá, Sergiu Ungureanu
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Income distribution and inequality play a central role in the public and political debate in many developed and democratic countries. An increasing literature on (mis)perception of the distribution of income reveals that people have very little knowledge about the degree of inequality in the society and its development over time. The jury is still out on what actually drives the perception of inequality ...
Vienna:
EcoAustria – Institute for Economic Research,
2017,
(Research Paper No. 4)
| Matthias Diermeier, Henry Goecke, Judith Niehues, Tobias Thomas
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After three decades since reunification male life expectancy in East Germany still lags behind that of West Germany. Unlike most of the prior studies focusing on the role of socioeconomic factors, this study aims at assessing the contribution of the population with severe disabilities to the persistent East–West male mortality gap. Our analysis is mainly based on the German Pension Fund data. It is ...
In:
European Journal of Population
38 (2022), 2, 247-271
| Olga Grigoriev, Gabriele Doblhammer
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Berlin:
DIW Berlin,
2020,
(Politikberatung kompakt 155)
| Jan Stede, Stefan Bach, Roland Ismer, Klaus Meßerschmidt, Karsten Neuhoff
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Nürnberg:
Bundesamt für Migration und Flüchtlinge (BAMF),
2020,
(BAMF-Kurzanalyse 5|2020)
| Kerstin Tanis
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Nürnberg:
Bundesamt für Migration und Flüchtlinge (BAMF),
2020,
(BAMF-Brief Analysis 5|2020)
| Kerstin Tanis
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In:
Deutsches Ärzteblatt
118 (2021), 49, 842-843
| Benjamin Wachtler, Hannelore Neuhauser, Sebastian Haller, Markus M. Grabka, Sabine Zinn, Lars Schaade, Claudia Hövener, Jens Hoebel