ECONtribute Discussion Papers Series

From University of Bonn and University of Cologne, Germany
Niebuhrstrasse 5, 53113 Bonn, Germany.
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61: Monetary Policy and Racial Inequality

Alina K. Bartscher, Moritz Kuhn, Moritz Schularick and Paul Wachtel

60: The Exchange Rate Insulation Puzzle

Giancarlo Corsetti, Keith Kuester, Gernot Müller and Sebastian Schmidt

59: Optimal Delegation and Information Transmission under Limited Awareness

Sarah Auster and Nicola Pavoni

58: Market Depth, Leverage, and Speculative Bubbles

Zeno Enders and Hendrik Hakenes

57: Detecting coverage bias in user-generated content

Anna Kerkhof and Johannes Münster

56: Selective sharing of news items and the political position of news outlets

Julian Freitag, Anna Kerkhof and Johannes Münster

55: Parental Paternalism and Patience

Lukas Kiessling, Shyamal Chowdhury, Hannah Schildberg-Hörisch and Matthias Sutter

54: Collective Intertemporal Decisions and Heterogeneity in Groups

Daniela Glätzle-Rützler, Philipp Lergetporer and Matthias Sutter

53: The Impact of the First Professional Police Forces on Crime

Anna Bindler and Randi Hjalmarsson

52: Sequential Trading with Coarse Contingencies

Sarah Auster, Jeremy Kettering and Asen Kochov

51: Roman Transport Network Connectivity and Economic Integration

Matthias Flückiger, Erik Hornung, Mario Larch, Markus Ludwig and Allard Mees

50: A Theory of Debt Maturity and Innovation

Yuliyan Mitkov

49: Allocating Losses: Bail-ins, Bailouts and Bank Regulation

Todd Keister and Yuliyan Mitkov

48: Patience, Cognitive Abilities, and Cognitive Effort: Survey and Experimental Evidence from a Developing Country

Stefania Bortolotti, Thomas Dohmen, Hartmut Lehmann, Frauke Meyer, Norberto Pignatti and Karine Torosyan

47: Improving healthy eating in children: Experimental evidence

Gary Charness, Ramon Cobo-Reyes, Erik Eyster, Gabriel Katz, Ángela Sánchez and Matthias Sutter

46: Understanding Cooperation in an Intertemporal Context

Felix Kölle and Thomas Lauer

45: Interview Sequences and the Formation of Subjective Assessments

Jonas Radbruch and Amelie Schiprowski

44: Contextualizing oppositional cultures: A multilevel network analysis of status orders in schools

Hanno Kruse and Clemens Kroneberg

43: Limited Awareness and Financial Intermediation

Sarah Auster and Nicola Pavoni

42: Zombies at large? Corporate debt overhang and the macroeconomy

Oscar Jorda, Martin Kornejew, Moritz Schularick and Alan Taylor

41: Leaning against the wind and crisis risk

Moritz Schularick, Lucas ter Steege and Felix Ward

40: Federal unemployment reinsurance and local labor-market policies

Marek Ignaszak, Philip Jung and Keith Kuester

39: Middle Managers, Personnel Turnover and Performance: A Long-Term Field Experiment in a Retail Chain

Guido Friebel, Matthias Heinz and Nick Zubanov

38: Diagnostic Uncertainty and Insurance Coverage in Credence Goods Markets

Loukas Balafoutas, Helena Fornwagner, Rudolf Kerschbamer, Matthias Sutter and Maryna Tverdostup

37: Benefit Duration, Job Search Behavior and Re-Employment

Andreas Lichter and Amelie Schiprowski

36: Populist Leaders and the Economy

Manuel Funke, Moritz Schularick and Christoph Trebesch

35: Patience and Comparative Development

Uwe Sunde, Thomas Dohmen, Benjamin Enke, Armin Falk and David Huffman

34: Competitive gerrymandering and the popular vote

Felix Bierbrauer and Mattias K Polborn

33: The Role of Social Networks in Bank Lending

Oliver Rehbein and Simon Rother

32: The Expected (Signaling) Value of Higher Education

Laura Ehrmantraut, Pia Pinger and Renske Stans

31: How people know their risk preference

Ruben C. Arslan, Martin Brümmer, Thomas Dohmen, Johanna Drewelies, Ralph Hertwig and Gert Wagner

30: Scaring or scarring? Labour market effects of criminal victimisation

Anna Bindler and Nadine Ketel

29: Hate Trumps Love: The Impact of Political Polarization on Social Preferences

Eugen Dimant

28: Dispersion estimation; Earnings risk; Censoring; Quantile regression; Occupational choice; Sorting; Risk preferences; SOEP; IABS

Daniel Pollmann, Thomas Dohmen and Franz Palm

27: Parental Involvement and the Intergenerational Transmission of Economic Preferences, Attitude and Personality Traits

Maria Zumbuehl, Thomas Dohmen and Gerard Pfann

26: Higher Order Risk Preferences: New Experimental Measures, Determinants and Field Behavior

Sebastian Schneider and Matthias Sutter

25: Labour Supply during Lockdown and a “New Normal”: The Case of the Netherlands Abstract: We document the evolution of hours of work using monthly data from February to June 2020. During this period, the Netherlands experienced a quick spread of the SARS-CoV-2 virus, enacted a lockdown for a period of six weeks and gradually opened thereafter. We show that during lock-down, substitutability between work from home and at the workplace or essential worker status are key to maintain a large fraction of pre-crisis hours of work. These pandemic-specific mechanisms become much less important as social distancing restrictions are eased in May and June. Labor supply recovers quickly in sectors affected heavily during lockdown, but goes down in other areas of the economy. The latter is unlikely caused by pandemic-induced supply changes; diminished demand is a more plausible explanation. Analyzing take-up of economic support programs, we find suggestive evidence that wage subsidies and other programs helped limit the early-stage impact of the crisis along the extensive margin

Hans-Martin von Gaudecker, Radost Holler, Lena Janys, Bettina Sifinger and Christian Zimpelmann

24: Psychological pressure and the right to determine the moves in dynamic tournaments – Evidence from a natural field experiment

Mark Kassis, Sascha Schmidt, Dominik Schreyer and Matthias Sutter

23: Deviant or Wrong? The Effects of Norm Information on the Efficacy of Punishment

Cristina Bicchieri, Eugen Dimant and Erte Xiao

21: Do Non-Compete Clauses Undermine Minimum Wages?

Thomas Kohler and Fabian Schmitz

20: Pollsand Elections: Strategic Respondents and Turnout Implications

Christina Luxen

19: Financial literacy, risk and time preferences – Results from a randomized educational intervention

Matthias Sutter, Michael Weyland, Anna Untertrifaller and Manuel Froitzheim

18: (Why) do central banks care about their profits?

Igor Goncharov, Vasso Ioannidou and Martin C. Schmalz

17: Bank capital and the European recovery from the COVID-19 crisis

Moritz Schularick, Sascha Steffen and Tobias Tröger

16: The Role of Caseworkers in Unemployment Insurance: Evidence from Unplanned Absences

Amelie Schiprowski

15: The Distribution of Household Debt in the United States, 1950-2019

Alina K. Bartscher, Moritz Kuhn, Moritz Schularick and Ulrike I. Steins

14: Are Economists’ Preferences Psychologists’ Personality Traits? A Structural Approach

Tomáš Jagelka

13: Paying Them to Hate US: The Effect of U.S. Military Aid on Anti-American Terrorism, 1968-2014

Eugen Dimant, Tim Krieger and Daniel Meierrieks

12: Unequal andunstable: income inequality and bank risk

Yuliyan Mitkov and Ulrich Schüwer

11: Monetary Policy, Financial Constraints, and Redistribution

Christian Loenser and Andreas Schabert

10: The Political Economy of a Diverse Monetary Union

Enrico Perotti and Oscar Soons

9: Observability, Social Proximity, and the Erosion of Norm Compliance

Cristina Bicchieri, Eugen Dimant, Simon Gächter and Daniele Nosenzo

8: Mentoring and Schooling Decisions: Causal Evidence

Armin Falk, Fabian Kosse and Pia Pinger

7: Social capital and the spread of Covid-19: Insights from European countries

Alina Kristin Bartscher, Sebastian Seitz, Sebastian Siegloch, Michaela Slotwinski and Nils Wehrhöfer

6: Secular Trends and Technological Progress

Robin Döttling and Enrico Perotti

5: A General Framework for Studying Contests

Spencer Bastani, Thomas Giebe and Oliver Gürtler

4: Reveal it or conceal it: On the value of second opinions in a low-entry-barriers credence goods market

Parampreet Christopher Bindra, Rudolf Kerschbamer, Daniel Neururer and Matthias Sutter

3: Discrimination, narratives and family history: An experiment with Jordanian host and Syrian refugee children

Kai Barron, Heike Harmgart, Steffen Huck, Sebastian Schneider and Matthias Sutter

2: The Short-Run Macro Implications of School and Child-Care Closures

Nicola Fuchs-Schündeln, Moritz Kuhn and Michele Tertilt

1: Pareto-improving tax reforms and the Earned Income Tax Credit

Felix Bierbrauer, Pierre Boyer and Emanuel Hansen