Armin Falk

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Armin Falk (born January 18, 1968 in Bergisch Gladbach ) is a German economist .

Life

Falk studied economics as well as philosophy and history at the University of Cologne . In 1998 he received his doctorate on the subject of reciprocity and wage formation with Ernst Fehr ( University of Zurich ), where he also completed his habilitation in 2003 .

Falk is Professor of Economics and Director of the Behavior and Inequality Research Institute (briq) and the Laboratory for Experimental Economic Research at the University of Bonn . He is an external scientific member of the Max Planck Society (and as such an employee of the Max Planck Institute for Research on Collective Goods ), Program Director at the Institute for the Future of Work (IZA), Fellow of the Center for Economic Policy Research (CEPR), Fellow of the Center for Economic Studies (CESifo), research professor at the German Institute for Economic Research (DIW) and member of the Scientific Advisory Board at the Federal Ministry for Economic Affairs and Energy .

Researches

Generally speaking, Falk's research is about a better, empirical foundation of the economic behavior model. While the traditional economic model ( Homo Oeconomicus ) postulates perfect rationality and self-interest , Falk's work shows that human behavior is usually only rational to a limited extent and that, in addition to a narrow self-interest orientation, other motives of human behavior are relevant, v. a. social preferences like fairness and trust .

Falk's research is highly interdisciplinary and uses insights from experimental economic research , social psychology , genetics and neurosciences . Methodologically, the focus is on field and laboratory experiments, which are carried out by neuroscientific processes such as B. the functional magnetic resonance imaging can be supplemented. Another focus is the analysis of representative questionnaire data.

In terms of content, Falk mainly deals with two areas, the analysis of economic preferences and psychological aspects of the labor market . The analysis of preferences and personality is of great importance for economics and social sciences, since every model is based on assumptions about this. The focus is on the analysis of social preferences, as well as time and risk preferences, but also personality traits. Funded by ERC grants from the European Research Council are a. examined the distribution of preferences in the population as well as socio-economic determinants. Together with co-authors, in a globally representative survey, the " Global Preference Survey ", measures for time and risk preferences, reciprocity, altruism and trust were collected and analyzed from a total of 80,000 individuals in 76 countries. In addition, Falk is investigating the influence of the mentoring program " Balu und Du " on the prosocial behavior of primary school children in a long-term study . The controlled randomized study design allows the researchers to make statements about the causal relationships that exist between such an enrichment of the social environment and the social behavior of the children. The collected data are summarized in the " Bonn Intervention Panel " (BIP), which has also been part of the " SOEP Innovation Sample" (SOEP-IS) since 2013 .

Another important focus of Falk's work concerns psychological aspects of the labor market (behavioral labor market economics). Research shows that in addition to material aspects, especially on the labor market, topics such as social preferences, social comparison, fairness, trust, social recognition and intrinsic motivation play a decisive role. This has an impact on the working relationship, as well as the functioning of organizations and labor markets.

In 2016 he was listed in the TOP 10 of the most influential economists in Germany .

Prizes and awards

Fonts (selection, sorted by publication)

  • with Anke Becker and Benjamin Enke: Ancient Origins of the Global Variation in Economic Preferences. In: AEA Papers and Proceedings, 110 (2020): 319-323.
  • with Johannes Hermle: Relationship of Gender Differences in Preferences Increase with Economic Development and Gender Equality. In: Science, 362.6412 (2018).
  • with Anke Becker, Thomas Dohmen, Benjamin Enke, David Huffman, and Uwe Sunde: Global evidence on economic preferences . In: The Quarterly Journal of Economics, 133.4 (2018): 1645–1692.
  • with Steffen Altmann, Andreas Grunewald, David Huffman: Contractual Incompleteness, Unemployment, and Labor Market Segmentation. In: The Review of Economic Studies 81.1 (2014): pp. 30–56.
  • with Nora Szech: Morals and Markets. In: Science 340.6133 (2013): 707-711.
  • with Thomas Dohmen, David Huffman, Uwe Sunde : The Intergenerational Transmission of Risk and Trust Attitudes. In: The Review of Economic Studies 79.2 (2012): pp. 645-677.
  • with Johannes Abeler, Lorenz Götte, David Huffman: Reference Points and Effort Provision. In: American Economic Review 101.2 (2011): pp. 470–492.
  • with Thomas Dohmen: Performance Pay and Multidimensional Sorting: Productivity, Preferences and Gender. In: American Economic Review 101.2 (2011): pp. 556-590.
  • with Thomas Dohmen, David Huffman, Uwe Sunde : Are Risk Aversion and Impatience Related to Cognitive Ability? In: American Economic Review, 100.3 (2010): pp. 1238-1260.
  • with James J. Heckman: Lab Experiments are a Major Source of Knowledge in the Social Sciences. In: Science 326 (2009): pp. 535-538.
  • with Bernd Weber, Antonio Rangel, Matthias Wibral: The Medial Prefrontal Cortex exhibits Money Illusion. In: Proceedings of the National Academy of Sciences PNAS, 106.13 (2009): pp. 5025-5028.
  • with Klaus Fließbach, Bernd Weber a. a .: Social Comparison Affects Reward-Related Brain Activity in the Human Ventral Striatum. In: Science 318.5854 (2007): pp. 1305-1308.
  • Gift Exchange in the Field. In: Econometrica 75.5 (2007): pp. 1501–1511.
  • with Ernst Fehr, Christian Zehnder: Fairness Perceptions and Reservation Wages: The Behavioral Effects of Minimum Wage Laws. In: Quarterly Journal of Economics 121.4 (2006): pp. 1347-1381.
  • with Ernst Fehr, Urs Fischbacher : Driving Forces Behind Informal Sanctions. In: Econometrica 7.6 (2005): pp. 2017–2030.
  • with Martin Brown, Ernst Fehr: Relational Contracts and the Nature of Market Interactions. In: Econometrica 72 (2004): pp. 747-780.
  • with Ernst Fehr: Wage Rigidities in a Competitive Incomplete Contract Market. In: Journal of Political Economy 107 (1999): pp. 106-134.

Web links

Individual evidence

  1. ↑ Strategic realignment of the Research Institute for the Future of Work (IZA). Research Institute for the Future of Work (IZA), accessed on February 10, 2016 .
  2. ↑ Understanding Preferences: Measurement, Prevalence, Determinants and Consequence. University of Bonn, accessed on February 10, 2016 .
  3. ↑ Armin Falk, Anke Becker, Thomas Dohmen, Benjamin Enke, David Huffman, Uwe Sunde: Global Evidence on Economic Preferences. In: https://academic.oup.com/qje/article/133/4/1645/5025666 . The Quarterly Journal of Economics, May 30, 2018, accessed August 6, 2020 .
  4. ↑ What's the point? SROI analysis of the mentoring program Balu und du. Balu und Du eV, accessed on February 5, 2020 (In English at: https://www.balu-und-du.de/fileadmin/user_upload/SROI-Analyse_Balu_und_Du_english_version. pdf ).
  5. ↑ SOEP newsletter No. 95, January 2012. The Socio-Economic Panel, accessed February 18, 2016 .
  6. ↑ FAZ Economists Ranking - Germany's Most Influential Economists , accessed on September 4, 2016
  7. ↑ Honor for Professor Armin Falk. Berlin-Brandenburg Academy of Sciences, accessed on February 10, 2016 .
  8. ↑ Handelsblatt.com , May 10, 2011, Johannes Pennekamp: Armin Falk recognized as top economist (last accessed: November 29, 2015)
  9. ^ Recipients of the Yrjö Jahnsson Award in Economics. Yrjö Jahnsson Foundation, accessed February 1, 2016 .
  10. ↑ Directory of members: Armin Falk. Academia Europaea, accessed June 24, 2017 .
  11. ↑ Member entry by Prof. Dr. Armin Falk (with picture and CV) at the German Academy of Sciences Leopoldina , accessed on July 5, 2016.
  12. ^ Gossen Prize Winner. socialpolitik.org , accessed December 25, 2015 .
personal data
SURNAME Falk, Armin
BRIEF DESCRIPTION German economist
DATE OF BIRTH 18th January 1968
PLACE OF BIRTH Bergisch Gladbach