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Anticipated and Unanticipated Wage Changes, Wage Risk, and Intertemporal Labor Supply
Anticipated and Unanticipated Wage Changes Wage Risk
2015/7/23
In this article, I estimate how labor supply responds to anticipated
wage growth, unanticipated wage growth, and wage risk using the
1989–93 panel section of the Bank of Italy Survey of Households’
...
An Alternative Explanation for the Variation in Reported Estimates of Risk Aversion
variability in risk aversion estimation mean-variance estimation location scale
2012/10/22
There is a large literature estimating Arrow-Pratt coefficients of absolute and relative risk aversion. A striking feature of this literature is the very wide variation in the reported estimates of th...
Risk and Saving in Two-Person Households: More Scope for Precautionary Saving
two-earner households risk order precautionary saving
2012/10/22
The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary...
This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at measuring risk attitudes. Subjects decide how many boxes to collect out of 100, one of which containing a bom...
Risk Preferences Are Not Time Preferences: Comment
intertemporal choice risk and certainty convex time budget multiple price list
2012/10/23
Andreoni and Sprenger (in press) report evidence that distinct utility functions govern choices under certainty and risk. I investigate the robustness of their result to the experimental design. I fin...
It's the Opportunity Cost, Stupid! How Self-Employment Responds to Financial Incentives of Return, Risk and Skew
entrepreneurship self-employment wage-employment income distribution income risk income skew income variance occupational choice labor market entry labor market segments opportunity cost
2012/10/19
There is no robust empirical support for the effect of financial incentives on the decision to work in self-employment rather than as a wage earner. In the literature, this is seen as a puzzle. We off...
Decomposing Changes in Income Risk Using Consumption Data
income risk consumption nonstationarity inequality
2012/10/19
We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The approach allows for changes in income risk over the life-cycle and with the busi...
Gender Differences in Risk Aversion: Do Single-Sex Environments Affect their Development?
gender risk preferences single-sex groups cognitive ability
2012/10/19
Single-sex classes within coeducational environments are likely to modify students' risk-taking attitudes in economically important ways. To test this, we designed a controlled experiment using first ...
BLS develops measure of job risk by occupation。
Are male veterans at greater risk for nonemployment than nonveterans?
male veterans nonveterans greater risk
2009/3/18
Veterans as a group do not have a higher risk of nonemployment than their nonveteran peers; however, the risk varies greatly by age cohort and ethnicity.
Identifying Population Groups at High Risk of Social Exclusion: Evidence from the ECHP
Social exclusion European Union household survey
2013/10/18
In recent years in the public discourse of many European countries there has been a shift in emphasis from "poverty" to "social exclusion". Broadly interpreted, "social exclusion" implies the "inabili...