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 …

Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper … vocational high school. Accounting for risk does little to change this picture. By contrast, vocational high school is associated …

This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more … the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch … university graduates provides evidence which supports this contention. It thereby raises the possibility that even risk …

We survey the literature on the Risk Augmented Mincer equation that seeks to estimate the compensation for uncertainty …

virtually absent in labour economics text books. This paper documents the scope for risk, discusses the tough disentanglement of … heterogeneity and risk, surveys the analytical models, laments the absence of a good workhorse model and points out the challenges … worth tackling: document ex ante risk that investors face, develop a tractable and malleable analytical model and integrate …

demographic risk, but have only limited self-insurance capacity. We use the model to compare outcomes under the EITC to the … aspect of the EITC that has received little attention thus far is its role as a public insurance program. Yet, the structure … to both wages and changes in family structure. Our study provides the first quantitative statement about the insurance …

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 …

drive the demand for risk reduction, and some to alter both. Our findings suggest that 30 percent of all insurance payments …We run a novel experiment to explore the relationship between the perception of real-life risks and the demand for risk … life. For each risk, subjects can pay premiums in order to reduce the likelihood of total bankruptcy. Our results show a …