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practices between schools. Tentative analyses also indicate that counselors reduce students' uncertainty about their own … individual preferences at least to the same extent as uncertainty about objective measures such as employment prospects. …
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mechanism to insure themselves against higher degrees of uncertainty within their host countries. Furthermore, this finding …
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In this paper we try to understand the phenomena whereby a large proportion of the population evades tax payments. We present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and analyze the connection between the decision of a...
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This paper develops and applies a method for decomposing cross section variability of earnings into components that are forecastable at the time students decide to go to college (heterogeneity) and components that are unforecastable. About 60% of variability in returns to schooling is...
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Although economic agents routinely face various types of economic uncertainty, their effects are often unclear and hard … to assess, in part due to the absence of suitable measures of uncertainty. Because of the numerous and very substantial … their periods of uncertainty, moreover, these countries have experienced sharply falling fertility rates. Some have argued …
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earnings variability are due to uncertainty and which components are due to components of human diversity that are forecastable …
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Optimal layoff rules in closed form are derived for all workers in a firm that downsizes under uncertainty and faces … aircraft building company that went bankrupt in 1996 shows that workers with high uncertainty associated with higher than …
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