IZA Discussion Papers | IZA@LISER Network

Henrekson, Magnus, and Dan Johansson (2025). “Neo–Schumpeterian Growth Theory: Missing Entrepreneurs Results in Incomplete Policy Advice”. Small Business Economics 65(1), 407–425. doi.org/10.1007/s11187-024-00994-0

IZA Discussion Paper No. 17471

Baby Bumps and Abortion Drop: Unpacking Fertility Trends During COVID-19 in Germany

Martin Bujard, Mathias Huebener

IZA Discussion Paper No. 17327

The Importance of Luck in Executive Promotion Tournaments: Theory and Evidence

Jed DeVaro, Scott Fung

published in: JBFA Journal of Business Finance & Accounting, 2025, 52 (3), 1349-1373

IZA Discussion Paper No. 17317

The Causal Effects of Inflation Uncertainty on Households' Beliefs and Actions

Dimitris Georgarakos, Yuriy Gorodnichenko, Olivier Coibion, Geoff Kenny

IZA Discussion Paper No. 17231

Entrepreneurs: Clueless, Biased, Poor Heuristics, or Bayesian Machines?

Thomas B. Astebro, Frank M. Fossen, Cédric Gutierrez

published in: A. Agrawal et al. (eds), Bayesian Entrepreneurship, MIT Press, Cambridge, MA, 2026, https://doi.org/10.7551/mitpress/15918.003.0009.

IZA Discussion Paper No. 17096

What Matters for the Decision to Study Abroad? A Lab-in-the-Field Experiment in Cape Verde

Catia Batista, David M Costa, Pedro Freitas, Gonçalo Lima, Ana B Reis

pubished in: Journal of Development Economics, 2025, 173, 103401

IZA Discussion Paper No. 17043

Can Price Controls Be Optimal? The Economics of the Energy Shock in Germany

Tom Krebs, Isabella Weber

IZA Discussion Paper No. 16478

Navigating Ambiguity: Imprecise Probabilities and the Updating of Disease Risk Beliefs

Jason Kerwin, Divya Pandey

IZA Discussion Paper No. 16478

Navigating Ambiguity: Imprecise Probabilities and the Updating of Disease Risk Beliefs

Jason Kerwin, Divya Pandey

IZA Discussion Paper No. 16478

Navigating Ambiguity: Imprecise Probabilities and the Updating of Disease Risk Beliefs

Jason Kerwin, Divya Pandey

IZA Discussion Paper No. 16468

A Bad Break-up? Assessing the Effects of the 2016 Brexit Referendum on Migration

Joanna Clifton-Sprigg, Ines Homburg, Jonathan James, Suncica Vujic

IZA Discussion Paper No. 16028

Overexertion of Effort under Working Time Autonomy and Feedback Provision

Thomas Dohmen, Elena Shvartsman

published in: Journal of Economic Behavior & Organization, 2023, 212, 255-1266

IZA Discussion Paper No. 16013

Workers' Perceptions of Earnings Growth and Employment Risk

Gizem Kosar, Wilbert van der Klaauw

published in Journal of Labor Economics, 2025, 43 (S1), S83-S121

IZA Discussion Paper No. 15919

Trade Policy Uncertainty, Offshoring, and the Environment: Evidence from US Manufacturing Establishments

Jaerim Choi, Jay Hyun, Gueyon Kim, Ziho Park

IZA Discussion Paper No. 15710

Investment and Subjective Uncertainty

Nicholas Bloom, Steven J. Davis, Lucia Foster, Scott Ohlmacher, Itay Saporta-Eksten

published as '2020 Klein Lecture—Investment and Subjective Uncertainty' in: International Economic Review, 2024, 65 (4), 1591 - 1606

IZA Discussion Paper No. 15605

To Be or Not to Be: The Entrepreneur in Neo-Schumpeterian Growth Theory

Magnus Henrekson, Dan Johansson, Johan Karlsson

Henrekson, Magnus, Dan Johansson, and Johan Karlsson (2024). “To Be or Not to Be: The Entrepreneur in Neo-Schumpeterian Growth Theory”. Entrepreneurship Theory and Practice 48(1), 104–140. doi.org/10.1177/10422587221141679

IZA Discussion Paper No. 15509

Political Selection When Uncertainty Is High

Thushyanthan Baskaran, Zohal Hessami, Temurbek Khasanboev

published in: Kyklos, 2023, 145, 76 (2), 161-178

IZA Discussion Paper No. 15449

The Effect of Macroeconomic Uncertainty on Firm Decisions

Saten Kumar, Yuriy Gorodnichenko, Olivier Coibion

published in: Econometrica, 2023, 91 (4), 1297-1332

IZA Discussion Paper No. 15296

How Does the Economic Uncertainty Affect Asset Prices under Normal and Financial Distress Times?

Mehmet Balcilar, Zeynel Abidin Ozdemir, Huseyin Ozdemir, Gurcan Aygun, Mark E. Wohar

IZA Discussion Paper No. 15229

Pandemic-Era Uncertainty

Brent Meyer, Emil Mihaylov, José María Barrero, Steven J. Davis, David Altig, Nicholas Bloom

published in: Journal of Risk and Financial Management, 2022, 15 (8), 338

IZA Discussion Paper No. 15156

State-Level Economic Policy Uncertainty

Scott R. Baker, Steven J. Davis, Jeffrey A. Levy

published in: Journal of Monetary Economics, 2022, 132, 81-99

IZA Discussion Paper No. 15156

State-Level Economic Policy Uncertainty

Scott R. Baker, Steven J. Davis, Jeffrey A. Levy

published in: Journal of Monetary Economics, 2022, 132, 81-99

IZA Discussion Paper No. 14940

Transparency of the Welfare System and Labor Market Outcomes of Unemployed Workers

Sofie Cairo, Robert Mahlstedt

substantially revised version published as 'The disparate effects of information provision: A field experiment on the work incentives of social welfare' in: Journal of Public Economics, 2023, 226, 104987

IZA Discussion Paper No. 14889

R&D Plans, Expectations, and Uncertainty: Evidence from the COVID-19 Shock in Italy

Emanuele Brancati

published in: Structural Change and Economic Dynamics, 2023, 67, 303-318

IZA Discussion Paper No. 14686

From Subsidies to Loans: The Effects of a National Student Finance Reform on the Choices of Secondary School Students

Alexandra de Gendre, Jan Kabátek

IZA Discussion Paper No. 14420

Effectives of Monetary Policy under the High and Low Economic Uncertainty States: Evidence from the Major Asian Economies

Mehmet Balcilar, Zeynel Abidin Ozdemir, Huseyin Ozdemir, Gurcan Aygun, Mark E. Wohar

IZA Discussion Paper No. 14317

Structural Models for Policy-Making: Coping with Parametric Uncertainty

Philipp Eisenhauer, Janos Gabler, Lena Janys

IZA Discussion Paper No. 14213

The Effect of Macroeconomic Uncertainty on Household Spending

Olivier Coibion, Dimitris Georgarakos, Yuriy Gorodnichenko, Geoff Kenny, Michael Weber

published in: American Economic Review, 2024, 114 (3), 645–677

IZA Discussion Paper No. 14040

Academic Careers and Fertility Decisions

Maria De Paola, Roberto Nistico, Vincenzo Scoppa

published in: D. Checchi, T. Jappelli, A. Uricchio (eds.), Teaching, Research and Academic Careers, Springer, 2022, 135 -161

IZA Discussion Paper No. 13848

Diagnostic Uncertainty and Insurance Coverage in Credence Goods Markets

Loukas Balafoutas, Helena Fornwagner, Rudolf Kerschbamer, Matthias Sutter, Maryna Tverdostup

IZA Discussion Paper No. 13645

Uncertainty and Firms' Labour Decisions. Evidence from European Countries

Alberto Urtasun, Marta Martínez Matute

published in: Journal of Applied Economics, 2022, 25 (1), 220 - 241

IZA Discussion Paper No. 13457

Sudden Stop: When Did Firms Anticipate the Potential Consequences of COVID-19?

Lukas Buchheim, Carla Krolage, Sebastian Link

published in: German Economic Review, 2022, 23 (1), 79-119

IZA Discussion Paper No. 13438

Uncertainty Shocks and Unemployment Dynamics

Malak Kandoussi, François Langot

published in: Economics Letters, 2022, 201, 110760

IZA Discussion Paper No. 13365

On the Exchange Rate and Economic Policy Uncertainty Nexus: A Panel VAR Approach for Emerging Markets

Abir Abid, Christophe Rault

published in: Journal of Quantitative Economics, 2021, 19 (3), 403-425

IZA Discussion Paper No. 13274

Transmission of US and EU Economic Policy Uncertainty Shock to Asian Economies in Bad and Good Times

Mehmet Balcilar, Zeynel Abidin Ozdemir, Huseyin Ozdemir, Mark E. Wohar

published as 'Effectiveness of monetary policy under the high and low economic uncertainty states: evidence from the major Asian economies' in: Empirical Economics, 2022, 63, 1741–1769

IZA Discussion Paper No. 12929

Populism, Political Risk and the Economy: Lessons from Italy

Pierluigi Balduzzi, Emanuele Brancati, Marco Brianti, Fabio Schiantarelli

published as 'Political Risk, Populism and the Economy' in: Economic Journal, 2023, 133 (653),1677 - 1704

IZA Discussion Paper No. 12758

Immigrant Examination Behavior

Gil S. Epstein, Shahar Sansani

published in: Education Economics, 2019, 28 (2), 136–155

IZA Discussion Paper No. 12604

Policy Uncertainty and Information Flows: Evidence from Pension Reform Expectations

Emanuele Ciani, Adeline Delavande, Ben Etheridge, Marco Francesconi

published in: Economic Journal, 2023, 133 (649), 98-129

IZA Discussion Paper No. 12567

Interest Rate Bands of Inaction and Play-Hysteresis in Domestic Investment: Evidence for the Euro Area

Ansgar H. Belke, Coletta Frenzel Baudisch, Matthias Göcke

IZA Discussion Paper No. 12566

Interest Rate Hysteresis in Macroeconomic Investment under Uncertainty

Ansgar H. Belke, Matthias Göcke

IZA Discussion Paper No. 12466

Compensation in Personal Injury Cases: Mean or Median Income?

Leif Danziger, Eliakim Katz

IZA Discussion Paper No. 12348

How Uncertainty and Ambiguity in Tournaments Affect Gender Differences in Competitive Behavior

Loukas Balafoutas, Matthias Sutter

published in: European Economic Review, 2019, 118, 1-13.

IZA Discussion Paper No. 11960

Migration with Pension Reform Expectations

Marek Góra, Anna Ruzik-Sierdziń ska

IZA Discussion Paper No. 11897

Negotiating Cooperation under Uncertainty: Communication in Noisy, Indefinitely Repeated Interactions

Fabian Dvorak, Sebastian Fehrler

published in: American Economic Review, 2024, 16 (3), 232 - 258

IZA Discussion Paper No. 11745

Firm Dynamics with Frictional Product and Labor Markets

Leo Kaas, Bihemo Kimasa

published in: International Economic Review, 2021, 62 (3), 1281-1317

IZA Discussion Paper No. 11279

China's "Great Migration": The Impact of the Reduction in Trade Policy Uncertainty

Giovanni Facchini, Maggie Y. Liu, Anna Maria Mayda, Minghai Zhou

published in: Journal of International Economics, 2019, 120, 126-144

IZA Discussion Paper No. 10703

The Ideological Roots of Institutional Change

Murat Iyigun, Jared Rubin

IZA Discussion Paper No. 10372

The More You Know: Information Effects on Job Application Rates in a Large Field Experiment

Laura Katherine Gee

published in: Management Science, 2018, 65 (5), 2077 - 2094

IZA Discussion Paper No. 10344

Subjective Completion Beliefs and the Demand for Post-Secondary Education

Johannes S. Kunz, Kevin E. Staub

published as 'Early subjective completion beliefs and the demand for post-secondary education' in: Journal of Economic Behavior & Organization, 2020, 177, 34-55

IZA Discussion Paper No. 10295

Trade Liberalization and Child Labor in China

Liqiu Zhao, Fei Wang, Zhong Zhao

revised version published in: China Economic Review, 2021, 65, 101575

IZA Discussion Paper No. 10283

Using Goals to Motivate College Students: Theory and Evidence from Field Experiments

Damon Clark, David Gill, Victoria L. Prowse, Mark Rush

published in: Review of Economics and Statistics, 2020, 102 (4), 648-663

IZA Discussion Paper No. 10244

On Measuring Uncertainty: Snakes and Ladders

Pramod N. (Raja) Junankar

IZA Discussion Paper No. 9576

The Optimal Minimum Wage with Regulatory Uncertainty

John Bennett, Ioana Chioveanu

published in: Journal of Public Economic Theory, 2017, 19 (6), 1099-1116

IZA Discussion Paper No. 9388

The Impact of Fine Size and Uncertainty on Punishment and Deterrence: Theory and Evidence from the Laboratory

Eberhard Feess, Hannah Schildberg-Hörisch, Markus Schramm, Ansgar Wohlschlegel

published in: Journal of Economic Behavior and Organization, 2018, 149, 58-73

IZA Discussion Paper No. 9150

The Ambiguity Triangle: Uncovering Fundamental Patterns of Behavior Under Uncertainty

Daniel R. Burghart, Thomas Epper, Ernst Fehr

IZA Discussion Paper No. 9004

Economic Uncertainty, Parental Selection, and Children's Educational Outcomes

Arnaud Chevalier, Olivier Marie

published in: Journal of Political Economy, 2017, 125 (2), 393-430

IZA Discussion Paper No. 8692

Political Uncertainty and Household Savings

Rolf Aaberge, Kai Liu, Yu Zhu

published in: Journal of Comparative Economics, 45 (2017): 154-170

IZA Discussion Paper No. 8612

Fixed-Term Employment and Fertility: Evidence from German Micro Data

Wolfgang Auer, Natalia Danzer

revised version published in: CESifo Economic Studies, 2016, 62 (4), 595-623

IZA Discussion Paper No. 8227

A Field Study of Chinese Migrant Workers' Attitudes toward Risks, Strategic Uncertainty, and Competitiveness

Li Hao, Daniel Houser, Lei Mao, Marie Claire Villeval

Revised version published in: Journal of Economic Behavior and Organization, 2016, 131, 126-140

IZA Discussion Paper No. 8100

The Effects of Occupational Knowledge: Job Information Centers, Educational Choices, and Labor Market Outcomes

Nils Saniter, Thomas Siedler

revised version published as 'Occupational Knowledge and Educational Mobility: Evidence from the Introduction of Job Information Centers' (with D. Schnitzlein) in: Economics of Education Review, 2019, 69, 108-124

IZA Discussion Paper No. 7983

When Do Remittances Facilitate Asset Accumulation? The Importance of Remittance Income Uncertainty

Catalina Amuedo-Dorantes, Susan Pozo

published as 'Remittance income uncertainty and asset accumulation' in: IZA Journal of Labor & Development, 2014, 3:3

IZA Discussion Paper No. 7712

Economic Uncertainty, Parental Selection, and the Criminal Activity of the 'Children of the Wall'

Arnaud Chevalier, Olivier Marie

revised version publisehd as 'Risky moms, risky kids? fertility and crime after the fall of the wal' in: Journal of Public Economics, 2024, 230, 105048

IZA Discussion Paper No. 7649

Does Expert Advice Improve Educational Choice?

Lex Borghans, Bart H.H. Golsteyn, Anders Stenberg

published in: PLOS ONE, 2015, 10 (12)

IZA Discussion Paper No. 7322

Groupthink: Collective Delusions in Organizations and Markets

Roland Benabou

published in: Review of Economic Studies, 2013, 80 (2), 429-462

IZA Discussion Paper No. 6969

Socioeconomic Assimilation and Wealth Accumulation of Migrants in Australia

Matias Vaira-Lucero, Daehoon Nahm, Massimiliano Tani

IZA Discussion Paper No. 6546

The Impact of the 1996 US Immigration Policy Reform (IIRIRA) on Mexican Migrants' Remittances

Matias Vaira-Lucero, Daehoon Nahm, Massimiliano Tani

IZA Discussion Paper No. 5777

Referral-based Job Search Networks

Christian Dustmann, Albrecht Glitz, Uta Schönberg

published in: Review of Economic Studies, 2016, 83 (2), 514-546

IZA Discussion Paper No. 5663

How to Deal with Covert Child Labour, and Give Children an Effective Education, in a Poor Developing Country

Alessandro Cigno

published in: World Bank Economic Review, 2012, 26 (1), 61-67

IZA Discussion Paper No. 5531

Unobserved Heterogeneity and Risk in Wage Variance: Does Schooling Provide Earnings Insurance?

Jacopo Mazza, Hans van Ophem, Joop Hartog

published as 'Unobserved heterogeneity and risk in wage variance: Does more schooling reduce earnings risk?' in: Labour Economics, 2013, 24, 323 - 338

IZA Discussion Paper No. 5331

Income Uncertainty and Household Savings in China

Marcos Chamon, Kai Liu, Eswar Prasad

published in: Journal of Development Economics, 2013, 105, 164-177

IZA Discussion Paper No. 4902

The Cult of Theoi: Economic Uncertainty and Religion

Paul Frijters, Juan D. Barón

published in: Economic Record, 2012, 88, 116-136

IZA Discussion Paper No. 4637

On the Origin of the Family

Marco Francesconi, Christian Ghiglino, Motty Perry

revised version published as 'An Evolutionary Theory of Monogamy' in: Journal of Economic Theory, 2016, 166, 605-628

IZA Discussion Paper No. 4571

Identification, Screening and Stereotyping in Labour Market Discrimination

Maarten C.M. Vendrik, Christiane Schwieren

published in Journal of Economics, 2010, 99 (2), 141-171

IZA Discussion Paper No. 4402

The Life-Cycle and the Business-Cycle of Wage Risk: A Cross-Country Comparison

Christian Bayer, Falko Juessen

published in: Economics Letters, 2012, 117 (3), 831-833

IZA Discussion Paper No. 4153

Why Pay Taxes When No One Else Does?

Gil S. Epstein, Ira N. Gang

published in: Review of Development Economics, 2010, 14 (2), 374-385

IZA Discussion Paper No. 4022

Heterogeneity in Risky Choice Behaviour in a Broad Population

Hans-Martin von Gaudecker, Arthur van Soest, Erik Wengström

published in: American Economic Review, 2011, 101 (2), 664-694

IZA Discussion Paper No. 3720

Subjective Measures of Economic Well-Being and the Influence of Income Uncertainty

Johannes Schwarze

IZA Discussion Paper No. 3700

Wage Risk and Employment Risk over the Life Cycle

Hamish Low, Costas Meghir, Luigi Pistaferri

published in: American Economic Review, 2010, 100 (4), 1432-1467

IZA Discussion Paper No. 3627

Information and Beliefs in a Repeated Normal-Form Game

Dietmar Fehr, Dorothea Kübler, David N. Danz

IZA Discussion Paper No. 3623

Preparing for Policy Changes: Social Security Expectations and Pension Scheme Participation

Karen van der Wiel

IZA Discussion Paper No. 3121

Flexible Approximation of Subjective Expectations Using Probability Questions: An Application to the Investment Game

Charles Bellemare, Luc Bissonnette, Sabine Kröger

published separately as ‘Flexible Approximation of Subjective Expectations Using Probability Questions ‘in: Journal of Business and Economic Statistics, 2012, 30 (1), 125 - 131 and as ‘Bounding Preference Parameters under Different Assumptions about Beliefs: a Partial Identification Approach’ in: Experimental Economics, 2010, 13, 334 - 345

IZA Discussion Paper No. 3115

The Evolution of Inequality, Heterogeneity and Uncertainty in Labor Earnings in the U.S. Economy

Flavio Cunha, James J. Heckman

IZA Discussion Paper No. 2942

Precautionary Savings by Natives and Immigrants in Germany

Matloob Piracha, Yu Zhu

published in: Applied Economics, 2012, 44 (21), 2767 - 2776

IZA Discussion Paper No. 2780

The Rate of Learning-by-Doing: Estimates from a Search-Matching Model

Julien Prat

published in: Journal of Applied Econometrics, 2010, 25 (6), 929-962

IZA Discussion Paper No. 2565