Results 241 to 250 of about 78,009 (326)

Reference dependence and lottery participation

open access: yesEconomic Inquiry, EarlyView.
Abstract We assume that lottery participants are poor relative to their target income. Reference dependence with loss aversion can render the marginal utility of income non‐monotonic in line with the Friedman–Savage hypothesis. As a result, lottery participation can be rationalized without invoking probability weighting.
Robertas Zubrickas
wiley   +1 more source

Do Women Make Better Borrowers and Loan Officers? Evidence From Afghanistan

open access: yesEconomics of Transition and Institutional Change, EarlyView.
ABSTRACT This study explores how gender is associated with microfinance loan performance in Afghanistan, a conservative and conflict‐affected society. We use data from over 9500 borrowers across Taliban‐ and government‐controlled areas for the period from January 2017 to February 2020, before the 2021 Taliban takeover.
Mustafa Disli   +2 more
wiley   +1 more source

Religious politics and the limits of redistribution: The rise and fall of family allowances in Spain, 1926–58

open access: yesThe Economic History Review, EarlyView.
Abstract After the Second World War, family allowances became a cornerstone of social spending in western Europe. Whilst religion is often highlighted as a driver of this policy, the role of political Catholicism remains contested, particularly in southern Europe.
Guillem Verd‐Llabrés
wiley   +1 more source

Managed decline: Muddling through with the Sterling (dis)Agreements, 1968–74

open access: yesThe Economic History Review, EarlyView.
Abstract How do policymakers manage the decline of an international currency? This paper revisits the view that the ‘Sterling Agreements’ of 1968–74 – bilateral contracts between the UK and sterling‐holding governments – marked a successful paradigm shift towards sterling's managed ‘retirement’.
Alan de Bromhead   +3 more
wiley   +1 more source

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