The existing literature suggests that when the saving decision of two-earner households under risk is analysed … stringent conditions hold. This paper shows that when the two-earner household's saving decision is formulated more generally …, standard assumptions suffice for precautionary saving to exist under increases in risk of the first and second orders, but not …

exchange rates, as well as community-level variations in wage and pension arrears, to identify exogenous shocks to household … household which experiences an exogenous shock of 10% of its total income changes both its food and total non … changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low …

partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …

Microeconomic theory predicts that under certain regularity conditions higher idiosyncratic risk increases the … and car insurance using data from the UK. The main empirical results are: - higher labor income risk induces a higher … demand for car insurance. - the effects of increases in labor income risk after 1979 seem to be more than offset by a more …

This study analyzes how risk attitudes change when individuals become parents using longitudinal data for a large and … representative sample of individuals. The results show that men and women experience a considerable increase in risk aversion which … child becomes older. These findings show that parenthood leads to considerable changes in individual risk attitudes over …

to developing countries affect Kurdistan differently and estimate the magnitude of heterogeneity and its effect by …

a "purchase of self-insurance" motive to remit, we also provide evidence of more remittances sent by risk averse …Do migrants send remittances as a way of obtaining insurance? While this motive is theoretically suggested in the … risk aversion and remittance behavior. Risk-averse individuals are more likely to send remittances home and are, on average …