Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/130427 
Year of Publication: 
2016
Series/Report no.: 
CESifo Working Paper No. 5800
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
This paper studies how individual characteristics, institutions, and their interaction influence moral decisions. We validate a moral paradigm focusing on the willingness to accept harming third parties. Consequences of moral decisions are real. We explore how moral behavior varies with individual characteristics and how these characteristics interact with market institutions compared to situations of individual decision-making. Intelligence, female gender, and the existence of siblings positively influence moral decisions, in individual and in market environments. Yet in markets, most personalities tend to follow overall much lower moral standards. Only fluid intelligence specifically counteracts moral-eroding effects of markets.
Subjects: 
homo moralis
moral personality
real moral task
markets and personality
trade and morals
JEL: 
D02
D03
J10
Document Type: 
Working Paper
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