I estimate the effects of collaborative and adversarial intergroup contact. randomly assigned Indian men from different castes to participate in cricket leagues or serve as a control group. League players faced variation contact, through random assignment homogeneous-caste mixed-caste teams, opponents. Collaborative contact increases cross-caste friendships efficiency trade, reduces own-caste f...

Concern for individual consumption relative to per capita consumption can induce a fear of falling behind which increases precautionary savings. This fear intensifies as societal income growth increases, allowing for a positive effect of growth on savings rates. JEL classifications: E21, D11, D91.

a r t i c l e i n f o Article history: Received 27 December 2017 Received in revised form 2 February 2018 Accepted 2 February 2018 Available online 17 February 2018 JEL classification: C91 D91 J22 J33 L2 M5

We analyze the interaction between risk sharing and capital accumulation in a stochastic OLG model with production. We give a complete characterization of interim Pareto optimal competitive equilibrium allocations. Furthermore, we provide tests of Pareto optimality/suboptimality based on (risky) rates of return only. © 2007 Elsevier Inc. All rights reserved. JEL classification: D61; D91; E13; E43

This study presents results of the validation of an ultra-short survey measure of patience included in the German Socio-Economic Panel (SOEP). Survey responses predict intertemporal choice behavior in incentive-compatible decisions in a representative sample of the German adult population. JEL-classification: D01, D03, D91, C91

This paper shows equilibrium existence for an infinite–horizon exchange economy with incomplete markets of real assets when default is allowed. Borrowers are required to constitute collateral in terms of durable goods and face credit constraints that depend on their past default. When credit constraints are inelastic, Ponzi schemes are ruled out and an equilibrium exists. JEL Classification: D5...

We show that a steeply increasing workload before a deadline is compatible with time-consistent preferences. The key departure from the literature is that we consider a stochastic environment where success of effort is not guaranteed. JEL Classification: D91, J22, D81, D11.

Duesenberry introduced the notion of a ratchet investor who does not tolerate any decline in her consumption rate. We connect the demand behavior of such an agent to the behavior of standard time–additive agents. A ratchet investor demands the running maximum of the optimal plan a conventional time–additive investor with lower initial wealth would choose. JEL subject classification. D91

Using a laboratory experiment, we identify whether decision-makers consider it mistake to violate canonical choice axioms. To do this, incentivize subjects report axioms they want their decisions satisfy. Then, make lottery choices which might conflict with axiom preferences. In instances of conflict, give the opportunity re-evaluate decisions. We find that many individuals follow and revise be...

Autocratic regimes, democratic majorities, private platforms, and religious or professional organizations can achieve social control by managing the flow of information about individuals’ behavior. Bundling agents’ political, organizational, attitudes with their prosocial conduct makes them care behaviors that they otherwise would not. The incorporation graph in score further promotes soft but ...