To reproduce the findings, proceed as follows: 1.) Open the data-file "raw data.dta". This file contains the original survey data. A detailled description of the survey and the data is provided in Hayo et al. (2014). 2.) Run the do-file "data preparation.do". This file generates the variables used in the analysis. 3.) Run the do-file "do-file analysis.do". This file reproduces the results outlined in the paper. In case of questions, contact hayo@wiwi.uni-marburg.de or neumeier@ifo.de.