Pub Date : 2025-09-01Epub Date: 2025-03-25DOI: 10.1016/j.rie.2025.101052
David Neto
This paper aims to explore the role of geopolitical risk on the probability of falling into a high regime of financial uncertainty in Europe. To this end, a Markov-switching model with time-varying transition probabilities (TVP) is estimated for the EURO STOXX 50 volatility index, which serves as a proxy for financial uncertainty in European stock markets. Unlike the commonly used fixed transition probability models, the TVP specification allows the transition probabilities between states to depend on explanatory variables, which in this context are geopolitical risk factors. The results highlight a moderate and asymmetric effect of geopolitical risk on financial uncertainty. Specifically, while geopolitical risk appears to trigger surges in uncertainty, it does not seem to contribute to their reduction.
{"title":"Does geopolitical distress tip the European financial stock markets into a great uncertainty regime?","authors":"David Neto","doi":"10.1016/j.rie.2025.101052","DOIUrl":"10.1016/j.rie.2025.101052","url":null,"abstract":"<div><div>This paper aims to explore the role of geopolitical risk on the probability of falling into a high regime of financial uncertainty in Europe. To this end, a Markov-switching model with time-varying transition probabilities (TVP) is estimated for the EURO STOXX 50 volatility index, which serves as a proxy for financial uncertainty in European stock markets. Unlike the commonly used fixed transition probability models, the TVP specification allows the transition probabilities between states to depend on explanatory variables, which in this context are geopolitical risk factors. The results highlight a moderate and asymmetric effect of geopolitical risk on financial uncertainty. Specifically, while geopolitical risk appears to trigger surges in uncertainty, it does not seem to contribute to their reduction.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101052"},"PeriodicalIF":1.2,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143726125","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-09-01Epub Date: 2025-02-05DOI: 10.1016/j.rie.2025.101033
Lawrence Ogbeifun , Olatunji Shobande
This paper examines the economic effects of foreign exchange (FOREX) restriction policy in Nigeria, using a new dataset from 2009 to 2019. Using the synthetic control method (SCM), we find that, after the policy implementation, Nigeria’s per capita GDP reduced by an average of $175.72 while inflation increased by 6.3% from 2015 to 2019 compared to the synthetic control countries without such policy. Regarding the restricted items, our results indicate that the policy led to a decrease in the trade value of imported items, except for imported processed vegetables. Furthermore, our analysis emphasizes that while the FOREX restriction policy appears to align with the Central Bank’s objective of reducing the importation of domestically producible items, it also sheds light on the consequential impacts of such policies. The observed decline in GDP per capita and the complex pattern of inflation highlight the need for a sophisticated and adaptable policy strategy. Policymakers should pay close attention to the macroeconomic dynamics and promote stability and growth in the face of changing economic conditions.
{"title":"Exploring the implications of FOREX restriction policies: Theory and new evidence","authors":"Lawrence Ogbeifun , Olatunji Shobande","doi":"10.1016/j.rie.2025.101033","DOIUrl":"10.1016/j.rie.2025.101033","url":null,"abstract":"<div><div>This paper examines the economic effects of foreign exchange (FOREX) restriction policy in Nigeria, using a new dataset from 2009 to 2019. Using the synthetic control method (SCM), we find that, after the policy implementation, Nigeria’s per capita GDP reduced by an average of $175.72 while inflation increased by 6.3% from 2015 to 2019 compared to the synthetic control countries without such policy. Regarding the restricted items, our results indicate that the policy led to a decrease in the trade value of imported items, except for imported processed vegetables. Furthermore, our analysis emphasizes that while the FOREX restriction policy appears to align with the Central Bank’s objective of reducing the importation of domestically producible items, it also sheds light on the consequential impacts of such policies. The observed decline in GDP per capita and the complex pattern of inflation highlight the need for a sophisticated and adaptable policy strategy. Policymakers should pay close attention to the macroeconomic dynamics and promote stability and growth in the face of changing economic conditions.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101033"},"PeriodicalIF":1.2,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143437458","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-09-01Epub Date: 2025-03-21DOI: 10.1016/j.rie.2025.101057
Pham Quang Huy, Vu Kien Phuc
This research aims to assess the critical function of Blockchain-based internal auditing practices (BBIAP) in relation to Sustainable Development Goal 8 achievement (SDG8A) by investigating the mediating influence of digital green corporate social responsibility (DGCSR) within the framework of an emerging nation. Partial least squares structural equation modeling was employed to analyze a sample of 614 participants from public sector organizations. The findings indicate that BBIAP substantially affects SDG8A. Furthermore, DGCSR partially mediates the relationship between BBIAP and SDG8A. This study's findings provide organizations with insights to enhance their internal auditing practices, thereby advancing corporate social responsibility and the attainment of sustainable development goals in organizational operation.
{"title":"Unveiling how blockchain-based internal auditing practices impact SDG 8 achievement? Mediating role of digital green corporate social responsibility","authors":"Pham Quang Huy, Vu Kien Phuc","doi":"10.1016/j.rie.2025.101057","DOIUrl":"10.1016/j.rie.2025.101057","url":null,"abstract":"<div><div>This research aims to assess the critical function of Blockchain-based internal auditing practices (BBIAP) in relation to Sustainable Development Goal 8 achievement (SDG8A) by investigating the mediating influence of digital green corporate social responsibility (DGCSR) within the framework of an emerging nation. Partial least squares structural equation modeling was employed to analyze a sample of 614 participants from public sector organizations. The findings indicate that BBIAP substantially affects SDG8A. Furthermore, DGCSR partially mediates the relationship between BBIAP and SDG8A. This study's findings provide organizations with insights to enhance their internal auditing practices, thereby advancing corporate social responsibility and the attainment of sustainable development goals in organizational operation.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101057"},"PeriodicalIF":1.2,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143735027","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-09-01Epub Date: 2025-07-18DOI: 10.1016/j.rie.2025.101079
Muhammad Safdar , Ahmad Nawaz
Convergence of economic growth among the global north and south countries has attracted a considerable attention of policymakers and researchers. However, the growth literature lacks the comprehensive empirical evidence on the convergence of institutional quality and its implications for growth convergence particularly in terms of countries’ heterogeneities. This study aims to empirically investigate three types of convergence hypotheses both in economic growth and institutional quality. Moreover, it is examined whether the convergence of institutional quality leads to growth convergence? The empirical analysis is based on sample of 120 countries for 1984–2015 period. The findings reveal striking evidence of disparities in speed of growth and institutional quality convergence. The speed of growth convergence is highest in East Asian, transition, and advanced economies; however, the speed of institutional quality convergence is lowest in these countries. Developing countries show the reverse pattern with highest institutional convergence and lowest growth convergence. Such decoupling empirical dynamics between growth and institutional quality convergence indicate the path dependence and lock-in patterns of developing countries. This study empirically shows that higher speed of institutional convergence alone is unable to foster the growth catch-up process.
{"title":"Convergence in economic growth and institutional quality: Does convergence of institutions matter to catch-up rich economies?","authors":"Muhammad Safdar , Ahmad Nawaz","doi":"10.1016/j.rie.2025.101079","DOIUrl":"10.1016/j.rie.2025.101079","url":null,"abstract":"<div><div>Convergence of economic growth among the global north and south countries has attracted a considerable attention of policymakers and researchers. However, the growth literature lacks the comprehensive empirical evidence on the convergence of institutional quality and its implications for growth convergence particularly in terms of countries’ heterogeneities. This study aims to empirically investigate three types of convergence hypotheses both in economic growth and institutional quality. Moreover, it is examined whether the convergence of institutional quality leads to growth convergence? The empirical analysis is based on sample of 120 countries for 1984–2015 period. The findings reveal striking evidence of disparities in speed of growth and institutional quality convergence. The speed of growth convergence is highest in East Asian, transition, and advanced economies; however, the speed of institutional quality convergence is lowest in these countries. Developing countries show the reverse pattern with highest institutional convergence and lowest growth convergence. Such decoupling empirical dynamics between growth and institutional quality convergence indicate the path dependence and lock-in patterns of developing countries. This study empirically shows that higher speed of institutional convergence alone is unable to foster the growth catch-up process.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101079"},"PeriodicalIF":1.2,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144687230","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-09-01Epub Date: 2025-03-25DOI: 10.1016/j.rie.2025.101055
Filippo Massari
This paper proposes a modification to popular productivity growth accounting decompositions useful for calibrating endogenous growth models. Specifically, the within-firm component is further decomposed to show the covariance of firms’ productivity growth rates and relative levels. This moment provides information about the systematic churning within the relative productivity distribution that, in endogenous growth models, stems from firms’ investment behavior, thus affecting aggregate income growth. This decomposition allows assessing modeling assumptions and quantifying parameters that introduce or affect differential incentives to grow across firms.
{"title":"Revisiting productivity growth accounting decompositions","authors":"Filippo Massari","doi":"10.1016/j.rie.2025.101055","DOIUrl":"10.1016/j.rie.2025.101055","url":null,"abstract":"<div><div>This paper proposes a modification to popular productivity growth accounting decompositions useful for calibrating endogenous growth models. Specifically, the within-firm component is further decomposed to show the covariance of firms’ productivity growth rates and relative levels. This moment provides information about the systematic churning within the relative productivity distribution that, in endogenous growth models, stems from firms’ investment behavior, thus affecting aggregate income growth. This decomposition allows assessing modeling assumptions and quantifying parameters that introduce or affect differential incentives to grow across firms.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101055"},"PeriodicalIF":1.2,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143725535","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-09-01Epub Date: 2025-03-17DOI: 10.1016/j.rie.2025.101054
Nguyet Anh Ngo, Hanol Lee
This study investigates how tariff reductions, introduced by the Vietnam–US Bilateral Trade Agreement (BTA), shaped patterns of income inequality and poverty in Vietnam from 2002 to 2018. Using a province-level dataset derived from the Vietnam Household Living Standards Survey and corresponding tariff measures, the analysis focuses on the P80/P20 ratio for income inequality and the poverty headcount ratio as key outcomes. The findings indicate that while overall poverty rates declined substantially following the BTA, particularly in more industrialized regions such as the Red River Delta and the Southeast, the effects on income inequality were not uniform. In certain areas, notably the Mekong River Delta, reliance on agriculture and limited diversification may have left households vulnerable to global price fluctuations, offsetting the potential gains from enhanced market access. Conversely, regions with robust infrastructure, diverse industrial bases, and higher foreign direct investment witnessed a more pronounced drop in both income inequality and poverty. These results underscore the importance of regional characteristics, including sector composition and connectivity, in determining the distributional consequences of trade liberalization.
{"title":"Income inequality, poverty, and trade liberalization: Evidence from the Vietnam–Us Bilateral Trade Agreement","authors":"Nguyet Anh Ngo, Hanol Lee","doi":"10.1016/j.rie.2025.101054","DOIUrl":"10.1016/j.rie.2025.101054","url":null,"abstract":"<div><div>This study investigates how tariff reductions, introduced by the Vietnam–US Bilateral Trade Agreement (BTA), shaped patterns of income inequality and poverty in Vietnam from 2002 to 2018. Using a province-level dataset derived from the Vietnam Household Living Standards Survey and corresponding tariff measures, the analysis focuses on the P80/P20 ratio for income inequality and the poverty headcount ratio as key outcomes. The findings indicate that while overall poverty rates declined substantially following the BTA, particularly in more industrialized regions such as the Red River Delta and the Southeast, the effects on income inequality were not uniform. In certain areas, notably the Mekong River Delta, reliance on agriculture and limited diversification may have left households vulnerable to global price fluctuations, offsetting the potential gains from enhanced market access. Conversely, regions with robust infrastructure, diverse industrial bases, and higher foreign direct investment witnessed a more pronounced drop in both income inequality and poverty. These results underscore the importance of regional characteristics, including sector composition and connectivity, in determining the distributional consequences of trade liberalization.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101054"},"PeriodicalIF":1.2,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143679134","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-09-01Epub Date: 2025-06-13DOI: 10.1016/j.rie.2025.101063
Farid Makhlouf , Hammou El Otmany
Illegal migration poses a significant challenge for both sides of the Mediterranean. To understand the motivation behind the intention to migrate illegally from Tunisia, this study, based on a survey conducted by the Arab Barometer in 2021, uses a two-stage Heckman model to control for selection bias and tests different factors such as education levels, social capital, and social networks. The findings show that a lack of education or a low level of education significantly increases the desire to go abroad even without the required documents. This statement is more strongly made by those with relatively low levels of social capital. In addition, social networks were identified as an essential factor in legal migration but do not explain illegal migration.
This study is therefore convinced that investment in education and social capital can be an effective tool in mitigating clandestine migration.
{"title":"Dream killer: Motivations behind illegal migration","authors":"Farid Makhlouf , Hammou El Otmany","doi":"10.1016/j.rie.2025.101063","DOIUrl":"10.1016/j.rie.2025.101063","url":null,"abstract":"<div><div>Illegal migration poses a significant challenge for both sides of the Mediterranean. To understand the motivation behind the intention to migrate illegally from Tunisia, this study, based on a survey conducted by the Arab Barometer in 2021, uses a two-stage Heckman model to control for selection bias and tests different factors such as education levels, social capital, and social networks. The findings show that a lack of education or a low level of education significantly increases the desire to go abroad even without the required documents. This statement is more strongly made by those with relatively low levels of social capital. In addition, social networks were identified as an essential factor in legal migration but do not explain illegal migration.</div><div>This study is therefore convinced that investment in education and social capital can be an effective tool in mitigating clandestine migration.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101063"},"PeriodicalIF":1.2,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144314497","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-09-01Epub Date: 2025-05-26DOI: 10.1016/j.rie.2025.101064
Olatunji A. Shobande
Marriage endures as a cornerstone of social life, but its modern practice reveals a fraught entanglement of romantic ideals, financial burdens, and entrenched cultural norms. Notably, the escalating cost of weddings imposes a disproportionate economic strain, often at odds with more substantive long-term aims such as child welfare, financial resilience, and domestic stability. This study explores how the rising cost of weddings intersects with emotional, economic, and sociocultural constraints to shape marital decisions and long-term household outcomes. It introduces a constrained intertemporal utility model that conceptualizes marriage as an optimization problem. The model incorporates an objective function focused on long-term household and child well-being, constrained by factors such as income, education, wealth, emotional attachment, divorce costs, child support obligations, family norms, and cultural pressures. The analysis yields eight key propositions. The analyses suggest that financial stress from lavish weddings, delayed educational investments, and external social pressures negatively affect marital satisfaction and child outcomes. Conversely, balanced financial planning and cultural alignment are associated with greater household stability. The model highlights how economic and social trade-offs at the point of marriage formation can have enduring consequences. Policy implications include the need for broader social awareness around the economic burden of weddings and more supportive frameworks for long-term family welfare.
{"title":"Costs of love: a constrained utility approach to marital decisions and family outcomes","authors":"Olatunji A. Shobande","doi":"10.1016/j.rie.2025.101064","DOIUrl":"10.1016/j.rie.2025.101064","url":null,"abstract":"<div><div>Marriage endures as a cornerstone of social life, but its modern practice reveals a fraught entanglement of romantic ideals, financial burdens, and entrenched cultural norms. Notably, the escalating cost of weddings imposes a disproportionate economic strain, often at odds with more substantive long-term aims such as child welfare, financial resilience, and domestic stability. This study explores how the rising cost of weddings intersects with emotional, economic, and sociocultural constraints to shape marital decisions and long-term household outcomes. It introduces a constrained intertemporal utility model that conceptualizes marriage as an optimization problem. The model incorporates an objective function focused on long-term household and child well-being, constrained by factors such as income, education, wealth, emotional attachment, divorce costs, child support obligations, family norms, and cultural pressures. The analysis yields eight key propositions. The analyses suggest that financial stress from lavish weddings, delayed educational investments, and external social pressures negatively affect marital satisfaction and child outcomes. Conversely, balanced financial planning and cultural alignment are associated with greater household stability. The model highlights how economic and social trade-offs at the point of marriage formation can have enduring consequences. Policy implications include the need for broader social awareness around the economic burden of weddings and more supportive frameworks for long-term family welfare.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101064"},"PeriodicalIF":1.2,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144185693","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2025-09-01Epub Date: 2025-02-07DOI: 10.1016/j.rie.2025.101045
Amelina Apricia Sjam
As payment methods evolve from cash to digital alternatives, their psychological and behavioural effects on spending behaviours, especially among young consumers, become increasingly important. Previous research has mainly compared credit cards and cash, showing that credit cards lead to more spending. However, the psychological mechanisms behind this are unclear due to differences in coupling time and transparency between the methods. This study bridges the gap by examining not just credit cards and cash, but also prepaid cards and cash, which have a similar coupling between consumption and payment but differ in transparency or payment format. By comparing prepaid cards with cash, the study explores whether the format of payment itself impacts spending behaviour. Drawing from a novel survey of Indonesian college students, this study presents empirical findings that credit card and prepaid card use (extensive margin) and payment frequency (intensive margin) are associated with overspending, whereas cash payments show no such association. The evidence suggests that payment transparency influences consumer behaviour, clarifying the underlying psychological mechanism of how payment methods affect spending. Further analysis shows that higher financial literacy helps mitigate the impact of less transparent payment methods on overspending. These insights suggest opportunities for developing digital payment solutions that minimize negative consequences, particularly for younger users. Educational initiatives tailored to promoting responsible digital payment usage could further reduce these effects.
{"title":"Opaque payments, open wallets: The relationship between payment transparency and overspending","authors":"Amelina Apricia Sjam","doi":"10.1016/j.rie.2025.101045","DOIUrl":"10.1016/j.rie.2025.101045","url":null,"abstract":"<div><div>As payment methods evolve from cash to digital alternatives, their psychological and behavioural effects on spending behaviours, especially among young consumers, become increasingly important. Previous research has mainly compared credit cards and cash, showing that credit cards lead to more spending. However, the psychological mechanisms behind this are unclear due to differences in coupling time and transparency between the methods. This study bridges the gap by examining not just credit cards and cash, but also prepaid cards and cash, which have a similar coupling between consumption and payment but differ in transparency or payment format. By comparing prepaid cards with cash, the study explores whether the format of payment itself impacts spending behaviour. Drawing from a novel survey of Indonesian college students, this study presents empirical findings that credit card and prepaid card use (extensive margin) and payment frequency (intensive margin) are associated with overspending, whereas cash payments show no such association. The evidence suggests that payment transparency influences consumer behaviour, clarifying the underlying psychological mechanism of how payment methods affect spending. Further analysis shows that higher financial literacy helps mitigate the impact of less transparent payment methods on overspending. These insights suggest opportunities for developing digital payment solutions that minimize negative consequences, particularly for younger users. Educational initiatives tailored to promoting responsible digital payment usage could further reduce these effects.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101045"},"PeriodicalIF":1.2,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143465304","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We examine the effects of gain framing and loss framing on small, repetitive efforts with piece-rate payoffs in laboratory experiments. Theoretical predictions, arising from the anticipation of higher reference points under loss framing, suggest an increased effort in that context. However, our results do not support this hypothesis; in fact, a reverse effect is observed among a subset of participants. Our findings also indicate that loss framing tends to increase participants’ stress levels.
{"title":"Loss and gain framing to encourage repeated real-effort provision: An experiment","authors":"Penelope Buckley, Béatrice Roussillon, Sabrina Teyssier","doi":"10.1016/j.rie.2025.101030","DOIUrl":"10.1016/j.rie.2025.101030","url":null,"abstract":"<div><div>We examine the effects of gain framing and loss framing on small, repetitive efforts with piece-rate payoffs in laboratory experiments. Theoretical predictions, arising from the anticipation of higher reference points under loss framing, suggest an increased effort in that context. However, our results do not support this hypothesis; in fact, a reverse effect is observed among a subset of participants. Our findings also indicate that loss framing tends to increase participants’ stress levels.</div></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"79 3","pages":"Article 101030"},"PeriodicalIF":1.2,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143445271","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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