infonet-economy

Several European countries have recently introduced levies on bank liabilities to internalise the fiscal costs of banking crises. This paper studies the tax incidence: Building on the Monti-Klein model, we predict that banks shift the burden to borrowers by raising lending rates and that deposit rates may increase as deposits are partly exempt. Bank-level evidence for 23 EU countries…

The aim of this paper is to assess the role of culture in shaping individual preferences to- wards different long-term care (LTC) arrangements. The analysis uses Swiss data from two administrative databases covering the universe of formal LTC providers between 2007 and 2013. Switzerland is a multi-cultural confederation where state administrative borders do not always coincide…

Dieses Lernheft wendet sich an Studierende der Lehrveranstaltung "Finanzmärkte" (erster Teil) an der Universität Basel sowie der Lehrveranstaltung "Zinsen, Anleihen, Kredite" an der Universität St.Gallen. Das Heft stellt 100 wichtige Lernpunkte zusammen.

We study whether employment history can provide information about a worker’s non-cognitive skills - in particular, about “work attitude,” or the ability to work well and cooperatively with others. We conjecture that, holding all else equal, a worker’s frequent job changes can indicate poorer work attitude, and that this information is transmitted in labor markets through employment…

This paper studies the impact of the presence of human subjects in the role of a seller on bidding in experimental second-price auctions. Overbidding is a robust finding in second- price auctions, and spite among bidders has been advanced as an explanation. If spite extends to the seller, then the absence of human sellers who receive the auction revenue may bias upwards the bidding…

Gift-giving customs are ubiquitous in social, political, and business life. Legal regulation and industry guidelines for gifts are often based on the assumption that large gifts have the potential to influence behavior and create confl of interest, but small gifts do not. However, scientific evidence on the impact of small gifts on business relationships is scarce. We conducted a…

We test the impact of a peer group savings program on precautionary savings, through two randomized field experiments among 2,687 microcredit clients. The first experiment finds that the Peer Group Treatment, which combines public goal setting, monitoring in the group, and non-financial rewards, increases savings in a new savings account significantly. The number of deposits grows 3.…

Self-control is a key skill that has important implications for life success. Parallel research programs in psychology, economics, and most recently neuroeconomics have identified important correlates and outcomes of self-control. Among those are for example educational achievements, financial stability, and health. However, the cognitive mechanisms underlying self-control remain…