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Outputs (3)

Academic Salaries and Public Evaluation of University Research: Evidence from the UK Research Excellence Framework (2019)
Journal Article
De Fraja, G., Facchini, G., & Gathergood, J. (2019). Academic Salaries and Public Evaluation of University Research: Evidence from the UK Research Excellence Framework. Economic Policy, 34(99), 523-583. https://doi.org/10.1093/epolic/eiz009

We study the effects of public evaluation of university research on the pay structures of academic departments. A simple equilibrium model of university pay determination shows how the pay-performance relationship can be explained by the incentives i... Read More about Academic Salaries and Public Evaluation of University Research: Evidence from the UK Research Excellence Framework.

The Red, the Black, and the Plastic: Paying Down Credit Card Debt for Hotels, Not Sofas (2019)
Journal Article
Quispe-Torreblanca, E. G., Quispe-Torreblanca, E., Stewart, N., Gathergood, J., & Loewenstein, G. (2019). The Red, the Black, and the Plastic: Paying Down Credit Card Debt for Hotels, Not Sofas. Management Science, 65(11), 5392-5410. https://doi.org/10.1287/mnsc.2018.3195

Using transaction data from a sample of 1.8 million credit card accounts, we provide the first field test of a major prediction of Prelec and Loewenstein’s (1998) theory of mental accounting: that consumers will pay off expenditure on transient form... Read More about The Red, the Black, and the Plastic: Paying Down Credit Card Debt for Hotels, Not Sofas.

Consumption changes, not income changes, predict changes in subjective well-being (2019)
Journal Article
Brown, G. D. A., & Gathergood, J. (2019). Consumption changes, not income changes, predict changes in subjective well-being. Social Psychological and Personality Science, https://doi.org/10.1177/1948550619835215

Does happiness depend on what one earns or what one spends? Income is typically found to have small beneficial effects on well-being. However, economic theory suggests that well-being is conferred not by income but by consumption (i.e., spending on g... Read More about Consumption changes, not income changes, predict changes in subjective well-being.