Research reveals why women-led farms are more sustainable - Imre Fertő & Štefan Bojnec's research results Read more

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Attila Lindner is This Year’s Winner of the Gábor Kézdi Award Read more

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Tamás Keller was awarded this year's Polányi Károly-Díj Read more

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Tenure-track Research Position at HUN-REN KRTK Institute of Economics Read more

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Powerful Parental Preferences

In this study, we examine how parents’ educational aspirations for their offspring (referred to as parental preferences) are related to university attendance. Even after controlling for the cognitive abilities of the child, we document a considerable variation in parental preferences, which are, in turn, strongly associated with university attendance. Utilizing regressions based on machine learning […]

The Role of Flexible Wage Components in Gender Wage Differences

A main driver of the gender wage gap is that women earn a lower firm-specific wage premium than men. We document the role of flexible wage components in driving both within-firm and between-firm gender differences in firm premia. For this purpose, we link wage survey data on performance payments and overtime to an administrative linked […]

Heterogeneity of Economic Expectations – Dissecting the Role of Socioeconomic Status

Economic decisions depend on economic expectations. Using Hungarian monthly survey data between 2000 and 2009, we show that the relationship between expectations (both at the macroeconomic and household levels) and socioeconomic status (SES), as represented by income rank and education level, is non-linear. In many instances, there is no significant difference in expectations between the […]

Health Shocks, Social Insurance, and Firms

We study the role that firms play in social insurance benefit uptake after their workers experience health shocks. Social insurance in our setting, Hungary, is universal and comprehensive, thus allowing us to quantify the impact of firms on benefit uptake and labor market outcomes on top of the social safety net. Using matched employer-employee administrative […]

Regional resilience and the network structure of inter-industry labour flows

This paper explores how the network structure of local inter-industry labour flows relates to regional economic resilience across 72 local labour markets in Sweden. Drawing on recent advancements in network science, we stress-test these networks against the sequential elimination of their nodes, finding substantial heterogeneity in network robustness across regions. Regression analysis with LASSO selection […]

Economic Preferences across Generations and Family Clusters: A Comment

Chowdhury, Sutter and Zimmermann (2022) assessed the risk, time, and social preferences of family members in rural Bangladesh, presenting two main findings. First, there is a strong and positive association between family members’ preferences, even when controlling for personality traits and family background. Second, families can be grouped into two clusters: approximately 20% of the […]

Endogenous language use and patience

The linguistic-savings hypothesis posits that the grammatical marking of future events in languages is linked to future-oriented behavior. Recent experimental studies have suggested patience as a possible mechanism connecting language use and future-oriented behavior by exogenously manipulating what language is used. Our paper explores the association between patience and the language that people naturally use, […]

John von Neumann’s game-theoretic legacy

John von Neumann (Budapest, 1903–Washington D.C., 1957) was an exceptional polymath, who made fundamental contributions to mathematical logics, functional analysis, quantum mechanics, game theory, computer architecture and automata theory. In this brief paper, I shall review the game-theoretic results of von Neumann and their legacy in an informal way.

Comparative analysis of the evolution of the CE4 countries’ national innovation systems and their innovation performance in 2000–2020

This paper compares the evolution of CE4 countries’ (Czechia, Hungary, Poland, and Slovakia) national innovation systems, as well as their innovation performance. Its analytical framework draws on evolutionary (and institutional) economics of innovation. Given the structural features and the level of socio-economic development in the CE4 countries, as well as the dominant way of thinking […]