8 citations · 14 across the 6 of their papers we have counts for
7 papers
Risk Preferences in Time Lotteries
Yonatan Berman, Mark Kirstein
An important but understudied question in economics is how people choose when facing uncertainty in the timing of events. Here we study preferences over time lotteries, in which th…
The Two Growth Rates of the Economy
Alexander Adamou, Yonatan Berman, Ole Peters
Economic growth is measured as the rate of relative change in gross domestic product (GDP) per capita. Yet, when incomes follow random multiplicative growth, the ensemble-average (…
The Distributional Short-Term Impact of the COVID-19 Crisis on Wages in the United States
Yonatan Berman
This paper uses Bureau of Labor Statistics employment and wage data to study the distributional impact of the COVID-19 crisis on wages in the United States by mid-April. It answers…
What are we weighting for? A mechanistic model for probability weighting
Ole Peters, Alexander Adamou, Mark Kirstein +1
Behavioural economics provides labels for patterns in human economic behaviour. Probability weighting is one such label. It expresses a mismatch between probabilities used in a for…
Microfoundations of Discounting
Alexander T. I. Adamou, Yonatan Berman, Diomides P. Mavroyiannis +1
An important question in economics is how people choose between different payments in the future. The classical normative model predicts that a decision maker discounts a later pay…
Intergenerational mobility measures in a bivariate normal model
Yonatan Berman
We model the joint log-income distribution of parents and children and derive analytic expressions for canonical relative and absolute intergenerational mobility measures. We find…
Far from equilibrium: Wealth reallocation in the United States
Yonatan Berman, Ole Peters, Alexander Adamou
Studies of wealth inequality often assume that an observed wealth distribution reflects a system in equilibrium. This constraint is rarely tested empirically. We introduce a simple…