Prof. Dr. Armin Falk

E-mail: armin.falk(at)
Phone: +49 228 3894 701 (office)
Institute: Institute on Behavior and Inequality

Academic Career

1998 - 2003

Assistant Professor, Institute for Empirical Research in Economics, University of Zürich, Switzerland


PhD in Economics (summa cum laude), University of Zürich, Switzerland


Habilitation, University of Zürich, Venia legendi in Economics, Switzerland

2003 - 2005

Lecturer, Central European University, Budapest, Hungary

2003 - 2007

Research Director, Institute for the Study of Labor (IZA), Bonn


Visiting Faculty, fall term 2013, Harvard University, Cambridge, MA, USA

2018 - 2019

Visiting Scholar, fall term 2018 and 2019, Nuffield College, Oxford, England, UK

Since 1999

Research Fellow, Labour Economics Programme, Centre for Economic Policy Research (CEPR), London, England, UK

Since 2000

Fellow, Institute for Economic Research (CESifo), Munich

Since 2003

Professor of Economics, University of Bonn

Since 2004

Director, Bonn Laboratory for Experimental Economic, Bonn

Since 2006

Research Professor, German Institute for Economic Research (DIW), Berlin

Since 2007

Fellow and Program Director, Institute for the Study of Labor (IZA), Bonn

Since 2009

External Scientific Member, Max Planck Institute for Research on Collective Goods, Bonn

Since 2013

IP Leader, Institute for New Economic Thinking (INET), New York, USA

Since 2016

Director, Behavior and Inequality Research Institute (briq), Bonn

Research Profile

Falk works on understanding, determinants, and consequences of economic preferences such as time, risk, and social preferences. He uses globally representative data from 76 countries and compassing about 80,000 observations. His research documents cultural and historical roots of preferences and also shows how preferences affect economic and social outcomes worldwide. In related research, Falk studies the developmental pattern of human personality and preferences at the individual level. Here, he uses data from the “Bonn Intervention Panel”. This panel includes observations from children starting at age 8 and their families and combines detailed household information with a randomly assigned mentoring program. Finally, Falk continues his work on understanding malleability of moral behavior, including determinants such as self-image, status differences, personality, and institutions.

Research Projects and Activities

European Research Council (ERC) Starting Independent Researcher Grant
2009 - 2013

European Research Council (ERC) Advanced Grant, five-year grant

DFG Collaborative Research Center SFB/TR 224 “Economic Perspectives on Societal Challenges: Equality of Opportunity, Market Regulation, and Financial Stability”,
Project leader of the project “Origin, malleability and consequences of risk, time and social preferences”

Selected Publications

[1] Steffen Altmann, Armin Falk, Andreas Grunewald, David Huffman
Contractual incompleteness, unemployment, and labour market segmentation
Rev. Econ. Stud. , 81: (1): 30--56
ISSN: 00346527
DOI: 10.1093/restud/rdt034
[2] Armin Falk, Nora Szech
Morals and Markets
Science (80-. ). , 340: (6133): 707--711
ISSN: 1095-9203
DOI: 10.1126/science.1231566
[3] Johannes Abeler, Armin Falk, Lorenz Goette, David Huffman
Reference Points and Effort Provision
Am. Econ. Rev. , 101: (2): 470--492
ISSN: 0002-8282
DOI: 10.1257/aer.101.2.470
[4] Thomas Dohmen, Armin Falk
Performance pay and multidimensional sorting: Productivity, preferences, and gender
Am. Econ. Rev. , 101: (2): 556--590
ISBN: 0002-8282
ISSN: 00028282
DOI: 10.1257/aer.101.2.556
[5] Thomas Dohmen, Armin Falk, David Huffman, Uwe Sunde
Are Risk Aversion and Impatience Related to Cognitive Ability?
Am. Econ. Rev. , 100: (3): 1238--1260
ISSN: 0002-8282
DOI: 10.1257/aer.100.3.1238
[6] Armin Falk
Gift Exchange in the Field
Econometrica , 75: (5): 1501--1511
ISSN: 0012-9682
DOI: 10.1111/j.1468-0262.2007.00800.x
[7] K Fliessbach, B Weber, P Trautner, T Dohmen, U Sunde, C E Elger, A Falk
Social comparison affects reward-related brain activity in the human ventral striatum.
Science , 318: (5854): 1305--8
ISBN: 1095-9203 (Electronic)\backslashn0036-8075 (Linking)
ISSN: 1095-9203
DOI: 10.1126/science.1145876
[8] Armin Falk, Ernst Fehr, Christian Zehnder
Fairness Perceptions and Reservation Wages - The Behavioral Effects of Minimum Wage Laws
Q. J. Econ. , 121: (4): 1347--1381
File: http://
[9] Armin Falk, Michael Kosfeld
The hidden costs of control
Am. Econ. Rev. , 96: (5): 1611--1630
File: http://
[10] Armin Falk, Ernst Fehr, Urs Fischbacher
Driving Forces Behind Informal Sanctions
Econometrica , 73: (6): 2017--2030
ISSN: 0012-9682
DOI: 10.1111/j.1468-0262.2005.00644.x

Publication List

MathSciNet Publication List (external link)

RePEc Publication List (external link)



Winner of the “Prize of the Institute for Empirical Research in Economics for the Best Publication of an Economist of Age Below 35”


Best lecturer of the economics department at the students’ election of the “Faculty’s Professor of the Year 2002“


Winner of the “CESifo Prize in Public Economics”: Distinguished CESifo Affiliate for the scientific originality, policy relevance and quality of the paper


“John T. Dunlop Outstanding Scholar Award” of the Labor and Employment Relations Association


Gossen Award of the Verein für Socialpolitik


European Research Council (ERC) Starting Independent Researcher Grant


Gottfried-Wilhelm Leibniz Award of the German Research Foundation (DFG)


Yrjö Jahnsson Award in Economics of the Yrjö Jahnsson Foundation and the European Economic Association


Award of the Berlin-Brandenburgische Akademie der Wissenschaften (Berlin-Brandenburg Academy of Sciences and Humanities) founded by the Commerzbank Foundation


SOEP Prize for the Best Scientific Publication (with Anke Becker, Thomas Deckers, Thomas Dohmen and Fabian Kosse)


“Impulsrede zur Sozialen Marktwirtschaft”, Prize of the “Wirtschaftspolitischer Club Deutschland e.V.”


European Research Council (ERC) Advanced Grant, five-year grant


Felix Büchel Award, DIW

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