data. How these differences affect saving in theoretical models depends on the metric one uses for risk. For labor-income …How does risk affect saving? Empirical work typically examines the effects of detectible differences in risk within the … risk, second-degree increases in risk require prudence to induce increased saving demand. However, prudence is not …

function change. Increasing prudence alone will induce higher savings only if, for certain combinations of the interest rate … and the pure time discount rate, there is distributional neutrality between the two periods. Otherwise, changes of risk …

potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to … explore the design of policy. The model highlights the critical roles played by (i) the relationship between behavioural risk … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …

This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … demonstrated that a key feature of human capital investments is whether they increase or decrease wage risk. In a benchmark model …

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … mass index, are less likely to save money and show worse conduct at school. Experimental measures for risk and ambiguity …

formation can be analyzed using dynamic programming techniques. Second, we derive optimal labor and savings wedges for habit … to labor supply and savings. We demonstrate that the theoretical results are quantitatively important: in a stylized life …-cycle model, average labor and savings wedges fall by more than one third compared to time-separable references. Third, we exploit …

estimate of risk aversion and the time preference discount rate per individual. This can be done because the consumption of a … they are moderately negatively correlated. Furthermore we explain the estimated relative risk aversion and time preference … by income, age, gender, entrepreneurship and an obesity index. Very significant effects are found. If we explain relative …

We find that inflation did not unanimously decrease savings in the US during the postwar period. This result is …