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We analyze workers' risk preferences and training investments. Our conceptual framework differentiates between the … investment risk and insurance mechanisms underpinning training decisions. Investment risk leads risk-averse workers to train less … demonstrate that risk affinity is associated with more training, implying that, on average, investment risks dominate the …
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Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However, the possibility to report sick creates an additional moral hazard, since during sickness spells, minimum requirements on search behavior do not apply. This reduces the ex ante...
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Untersucht wird der Einfluss des Humankapitals, der Arbeitsmarktlage, der familiären Situation sowie der Persönlichkeitseigenschaften und sozialen Ressourcen auf die individuelle Arbeitslosigkeitsdauer anhand des Sozioökonomischen Panels (SOEP) in West- und Ostdeutschland. Es wird eine...
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