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115 results, from 41
Diskussionspapiere 1826 / 2019

Cheating and Corruption: Evidence from a Household Survey

This study tests the prediction that a corrupt government reduces ethical behavior among its citizens. We integrate a standard "cheating" experiment into a broad household survey and find clear support for this prediction: respondents who perceive corruption in state affairs are more likely to cheat. Interestingly, there is a small group of non-conformers. The main relation is robust to consideration ...

2019| Olaf Hübler, Melanie Koch, Lukas Menkhoff, Ulrich Schmidt
Diskussionspapiere 1823 / 2019

The Effect of Personalized Feedback on Small Enterprises’ Finances in Uganda

This RCT examines the effect of a new style finance training during which participants are given personalized feedback on their financial business outcomes in addition to a “rules-of-thumb” training approach. We compare this to the effects of a “rules-of-thumb” training by itself and to a control group. Targeting about 500 small and micro entrepreneurs in Kampala, Uganda, we find that the personalized ...

2019| Antonia Grohmann, Lukas Menkhoff, Helke Seitz
Diskussionspapiere 1771 / 2018

Politicians' Promotion Incentives and Bank Risk Exposure

This paper shows that politicians’ pressure to climb the career ladder increases bank risk exposure in their region. Chinese local politicians are set growth targets in their region that are relative to each other. Growth is stimulated by debt-financed programs which are mainly financed via bank loans. The stronger the performance pressure the riskier the respective local bank exposure becomes. This ...

2018| Li Wang, Lukas Menkhoff, Michael Schröder, Xian Xu
Diskussionspapiere 1743 / 2018

Active Learning Fosters Financial Behavior: Experimental Evidence

We conduct a randomized field experiment to study the effects of two financial education interventions offered to small-scale retailers in Western Uganda. The treatments contrast “active learning” with “traditional lecturing” within standardized lesson-plans. We find that active learning has a positive and economically meaningful impact on savings and investment outcomes, in contrast to insignificant ...

2018| Tim Kaiser, Lukas Menkhoff
Diskussionspapiere 1736 / 2018

Who Is Cheating? The Role of Attendants, Risk Aversion, and Affluence

Dieses Discussion Paper wurde auf Wunsch der Autoren zurückgezogen. - This discussion paper was withdrawn at the request of the authors.

2018| Olaf Hübler, Lukas Menkhoff, Ulrich Schmidt
Diskussionspapiere 1711 / 2017

Tax Evasion in New Disguise? Examining Tax Havens’ International Bank Deposits

Recent efforts to reduce international tax evasion focus on information exchange with tax havens. Using bilateral bank data for 1,397 country pairs in a balanced quarterly panel from 2003:I – 2017:IV, we first show that information-on-request treaties with tax havens reduce bank deposits in tax havens by 27.5%. Second, also deposits from tax havens in high tax countries decline after such treaties ...

2017| Lukas Menkhoff, Jakob Miethe
Diskussionspapiere 1682 / 2017

Does Financial Literacy Improve Financial Inclusion? Cross Country Evidence

While financial inclusion is typically addressed by improving the financial infrastructure we show that financial literacy, representing the demand-side of financial markets, also has a beneficial effect. We study this effect at the cross-country level, which allows to consider institutional variation. Regarding “access to finance”, financial infrastructure and financial literacy are mainly substitutes. ...

2017| Antonia Grohmann, Theres Klühs, Lukas Menkhoff
Diskussionspapiere 1645 / 2017

Allais for the Poor: Relations to Ability, Information Processing and Risk Attitudes

This paper complements evidence on the Allais paradox from advanced countries and educated people by a novel investigation in a poor rural area. The share of Allais-type behavior is indeed high and related to characteristics of “lacking ability”, such as poor education, unemployment, and little financial sophistication. Based on prospective reference theory, we extend these characteristics by biased ...

2017| Tabea Herrmann, Olaf Hübler, Lukas Menkhoff, Ulrich Schmidt
Diskussionspapiere 1615 / 2016

Financial Literacy: Thai Middle Class Women Do Not Lag behind

This research studies the stylized fact of a “gender gap” in that women tend to have lower financial literacy than men. Our data which samples middle-class people from Bangkok does not show a gender gap. This result is not explained by men’s low financial literacy, nor by women’s high income and good education. Rather, it seems influenced by country characteristics on general gender equality and finance-related ...

2016| Antonia Grohmann, Olaf Hübler, Roy Kouwenberg, Lukas Menkhoff
Diskussionspapiere 1608 / 2016

Estimating Risky Behavior with Multiple-Item Risk Measures

We compare seven established risk elicitation methods and investigate how they robustly explain eleven kinds of risky behavior with 760 individuals. Risk measures are positively correlated; however, their performance in explaining behavior is heterogeneous and, therefore, difficult to assess ex ante. To close this knowledge gap, greater diversification across risk measures is helpful. We do, indeed, ...

2016| Lukas Menkhoff, Sahra Sakha
115 results, from 41