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The article was published on 1987-01-01 and is currently open access. It has received 268 citations till now.read more
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Cooperation and Punishment in Public Goods Experiments
TL;DR: In this paper, the authors provide evidence that free riders are heavily punished even if punishment is costly and does not provide any material benefits for the punisher, and they also show that free riding causes strong negative emotions among cooperators.
Journal ArticleDOI
Why has CEO Pay Increased So Much
Xavier Gabaix,Augustin Landier +1 more
TL;DR: In this paper, the authors developed a simple equilibrium model of CEO pay and found that a CEO's pay changes one for one with aggregate firm size, while changing much less with the size of his own firm.
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Population, Technology, and Growth: From the Malthusian Regime to the Demographic Transition and Beyond
TL;DR: In this paper, a unified model of growth, population, and technological progress is developed, which is consistent with long-term historical evidence, and it is shown that technological progress creates a state of disequilibrium which raises the return to human capital and induces patients to substitute child quality for quantity.
Journal ArticleDOI
Would You Be Happier If You Were Richer? A Focusing Illusion
Daniel Kahneman,Alan B. Krueger,Alan B. Krueger,David Schkade,Norbert Schwarz,Arthur A. Stone +5 more
TL;DR: It is argued that people exaggerate the contribution of income to happiness because they focus, in part, on conventional achievements when evaluating their life or the lives of others.
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Lab Experiments are a Major Source of Knowledge in the Social Sciences
Armin Falk,James J. Heckman +1 more
TL;DR: It is argued that many recent objections against lab experiments are misguided and that even more lab experiments should be conducted, by comparing them to research based on nonexperimental data and to field experiments.
References
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Posted ContentDOI
Cooperation and Punishment in Public Goods Experiments
TL;DR: In this paper, the authors provide evidence that free riders are heavily punished even if punishment is costly and does not provide any material benefits for the punisher, and they also show that free riding causes strong negative emotions among cooperators.
Journal ArticleDOI
Why has CEO Pay Increased So Much
Xavier Gabaix,Augustin Landier +1 more
TL;DR: In this paper, the authors developed a simple equilibrium model of CEO pay and found that a CEO's pay changes one for one with aggregate firm size, while changing much less with the size of his own firm.
Posted Content
Lab Experiments are a Major Source of Knowledge in the Social Sciences
Armin Falk,James J. Heckman +1 more
TL;DR: It is argued that many recent objections against lab experiments are misguided and that even more lab experiments should be conducted, by comparing them to research based on nonexperimental data and to field experiments.
Journal ArticleDOI
A Macroprudential Approach to Financial Regulation
Samuel G. Hanson,Anil K. Kashyap,Anil K. Kashyap,Anil K. Kashyap,Jeremy C. Stein,Jeremy C. Stein +5 more
TL;DR: In the aftermath of the 2008 financial crisis, there seems to be agreement among both academics and policymakers that financial regulation needs to move in a macro-prudential direction as discussed by the authors.
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Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey
Thomas Dohmen,Armin Falk,David Huffman,David Huffman,Uwe Sunde,Jürgen Schupp,Jürgen Schupp,Gert G. Wagner,Gert G. Wagner +8 more
TL;DR: In this article, a set of survey questions and a representative sample of roughly 22,000 individuals living in Germany were used to find evidence of heterogeneity across individuals, and show that willingness to take risks is negatively related to age and being female, and positively related to height and parental education.