Eugenio Proto is Professor of Economics the University of Bristol and Research Fellow at IZA, CESifo and CAGE (Centre for Competitive Advantage in the Global Economy). He earned the PhD in Economics at ECARES, Université libre de Bruxelles in 2004. His research interests are in behavioural economics, experimental economics and development economics. He published in leading general economic journals like Journal of Political Economy, Review of Economics and Statistics and Economic Journal and in several top field economic journals. Homepage; twitter @eugenioproto 

He joined IZA as a Research Fellow in August 2014.



IZA Discussion Paper No. 11130
Eugenio Proto, Daniel Sgroi, Mahnaz Nazneen

Existing research supports two opposing mechanisms through which positive mood might affect cooperation. Some studies have suggested that positive mood produces more altruistic, open and helpful behavior, fostering cooperation. However, there is contrasting research supporting the idea that positive mood produces more assertiveness and inward-orientation and reduced use of information,...

IZA Discussion Paper No. 11059

On 23 June 2016, the United Kingdom voted to leave the European Union (so-called 'Brexit'). This paper uses newly released information, from the Understanding Society data set, to examine the characteristics of individuals who were for and against Brexit. Two key findings emerge. First, unhappy feelings contributed to Brexit. However,...

IZA Discussion Paper No. 9195

We present the first attempt to construct a long-run historical measure of subjective wellbeing using language corpora derived from millions of digitized books. While existing measures of subjective wellbeing go back to at most the 1970s, we can go back at least 200 years further using our methods. We analyse...

IZA Discussion Paper No. 8858
forthcoming in Journal of Economic Behavior and Organization, 2017

We perform an incentivized experiment designed to assess the accuracy of beliefs about characteristics and decisions. Subjects are asked to declare some specific choices and characteristics with different levels of observability from an external point of view, and typically formed through real world experiences. From the less observable mobile phone...

IZA Discussion Paper No. 8837
published in: Journal of Economic Psychology, 2015, 48, 17-32

We use personality traits to better understand the relationship between income and life satisfaction. Personality traits mediate the effect of income on life satisfaction. The effect of neuroticism, which measures sensitivity to threat and punishment, is strong in both the British Household Panel Survey and the German Socioeconomic Panel. Neuroticism...

IZA Discussion Paper No. 8791
published online in: Journal of Development Economics, 2016

Although the Industrial Revolution is often characterized as the culmination of a process of commercialisation, the precise nature of such a link remains unclear. This paper models and analyzes such link: the role of commercialisation in raising efficiency wages as impersonal and anonymous labour market transactions replace personalized customary relations....

IZA Discussion Paper No. 8499
Journal of Political Economy (Extended version forthcoming as "Intelligence Personality and Gains from Cooperation in Repeated Interactions)

Intelligence affects social outcomes of groups. A systematic study of the link is provided in an experiment where two groups of subjects with different levels of intelligence, but otherwise similar, play a repeated prisoner's dilemma. The initial cooperation rates are similar, it increases in the groups with higher intelligence to...

IZA Discussion Paper No. 8498
Published online in: Journal of Public Economics, 2016

Motivated by recent interest and initiatives taken by several governments and international organizations to come up with indicators of well-being to inform policy makers, we test if subjective well-being measures (SWB) can be employed to study voting behaviour. Controlling for financial and economic circumstances, we find that when citizens are...

IZA Discussion Paper No. 8300
forthcoming in: Economic Journal

This paper examines a famous puzzle in social science. Why do some nations report such high happiness? Denmark, for instance, regularly tops the league table of rich nations' well-being; Great Britain and the US enter further down; France and Italy do relatively poorly. Yet the explanation for this ranking –...

IZA Discussion Paper No. 5243

Conventional wisdom depicts corruption as a tax on incumbent firms. This paper challenges this view in two ways. First, by arguing that corruption matters not so much because of the value of the bribe ("tax"), but because of another less studied feature of corruption, namely bribe unavoidability. Second, we argue...