25 Years IWH

Dr Walter Hyll

Dr Walter Hyll
Current Position

since 3/12

Head of the Research Group The Impact of Institutions and Social Norms on Preferences and Behavior

Halle Institute for Economic Research (IWH) – Member of the Leibniz Association

since 10/10

Economist in the Department of Structural Change and Productivity

Halle Institute for Economic Research (IWH) – Member of the Leibniz Association

Research Interests

  • applied microeconomics
  • theory of the firm
  • institutional economics
  • behavioral economics

Walter Hyll is a post-doctoral researcher in the Department of Structural Change and Productivity. He coordinates the research group "The Impact of Institutions and Social Norms on Preferences and Behavior."

Walter Hyll studied at the University of Graz and received his doctoral degree from the University of Klagenfurt. He worked as a research assistant at the University of Klagenfurt, the Institute for Advanced Studies Carinthia, and as a project assistant at the University of Graz and the Austrian Institute of Economic Research.

Your contact

Dr Walter Hyll
Dr Walter Hyll
Mitglied - Department Structural Change and Productivity
Send Message +49 345 7753-850

Publications

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Gender Quotas and Human Capital Formation: A Relative Deprivation Approach

Walter Hyll

in: German Economic Review , forthcoming

Abstract

We study a quota's effect on individual human capital investment incentives beyond merely altering individual's overall probability of being promoted. We assume that individuals sense relative deprivation from unfavorable (income) comparisons within their reference group and that comparisons take place within the same gender. The introduction of a female quota increases (decreases) the number of women (men) holding top positions. On one hand, the relative deprivation to which female individuals are subjected to increases. These female individuals respond to an increase in their relative deprivation by acquiring additional human capital which, because it enables them to increase their earnings, reduces their relative deprivation. On the other hand, male individuals invest less in human capital in response to a decrease in relative deprivation. We show that the human capital formed by women who are encouraged to do so by the quotas is larger than the human capital that men who are discouraged by the quotas refrain from forming. However, the positive human capital accumulation effect hinges on a certain level of ability by gender and on how much individuals perceive relative deprivation.

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On the Simultaneity Bias in the Relationship Between Risk Attitudes, Entry into Entrepreneurship and Entrepreneurial Survival

Matthias Brachert Walter Hyll Mirko Titze

in: Applied Economics Letters , No. 7, 2017

Abstract

We consider the simultaneity bias when examining the effect of individual risk attitudes on entrepreneurship. We demonstrate that entry into self-employment is related to changes in risk attitudes. We further show that these changes are correlated with the probability to remain in entrepreneurship.

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Gauging the Potential for Social Unrest

Walter Hyll Oded Stark Doris A. Behrens

in: Public Choice , 2010

Abstract

It stands to reason that social unrest does not erupt out of the blue. Although there are a great many reasons why social dismay might descend into social disorder, only few yardsticks or indices can plausibly be used to gauge the potential for social unrest (PSU). If policy makers want to undertake public action to prevent social dismay escalating into social disruption, they obviously need to draw on practical sensors. This paper assesses critically the adequacy of two such measures, the polarization (P) index, and the total relative deprivation (TRD) index. The paper proposes a tentative guide to selecting between these two measures. A review of three stylized scenarios suggests that, where income redistributions reduce the number of distinct income groups, and when each group is characterized by a strong sense of within-group identity, the P index surpasses the TRD index as a basis for predicting PSU. When the within-group identification is weak, however, it is better to use the TRD index to predict PSU.

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Working Papers

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Social Comparisons and Attitudes towards Foreigners. Evidence from the ‘Fall of the Iron Curtain’

Walter Hyll Lutz Schneider

in: IWH Discussion Papers , No. 12, 2016

Abstract

We exploit the natural experiment of German re-unification to address the question whether distress from social (income) comparisons results in negative attitudes towards foreigners. Our empirical approach rests upon East German individuals who have West German peers. We use the exogenous variation of wealth of West German peers shortly after the fall of the Berlin Wall as an instrument to identify the effect of distress from social comparisons on East Germans’ attitudes. We find robust evidence that East Germans expose strong negative attitudes towards foreigners, particularly from low-wage countries, if they worry about their economic status compared to better-off peers.

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Social Distress and Economic Integration

Walter Hyll Lutz Schneider

in: IWH Discussion Papers , No. 21, 2016

Abstract

We analyze whether social distress from income comparisons affects attitudes towards the integration of economies. Using Germany’s division as natural experiment, we find that East Germans’ feelings of relative deprivation with respect to better-off West Germans led to significantly more support for the upcoming German re-unification.

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Financial Literacy and Self-employment

Aida Ćumurović Walter Hyll

in: IWH Discussion Papers , No. 11, 2016

Abstract

In this paper, we study the relationship between financial literacy and self-employment. We use established financial knowledge-based questions to measure financial literacy levels. The analysis shows a highly significant correlation between selfemployment and financial literacy scores. To investigate the impact of financial literacy on being self-employed, we apply instrumental variable techniques based on information on economic education before entering the labour market and education of parents. Our results reveal that financial literacy positively affects the probability of being self-employed. As financial literacy is acquirable, findings suggest that entrepreneurial activities may be raised via enhancing financial knowledge.

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