Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals …' rankings of uncertain prospects in terms of risk and their relationship to individual preferences. We examine three interlinked … propositions that are fundamental to the standard economic approach to risk: (i) that rankings by risk are simply the reverse of …

Orderings of income distribution in terms of inequality should be closely related to orderings in terms of risk. Using … a novel mult-country questgionnaire experiment we examine the basis for this claim in terms of respondents …' distributional perceptions. We show that in terms of both inequality and risk individuals consistently reject one of the standard …

income risk, in the form of both uninsurable shocks and a common aggregate component, small differences in the correlation …

consider human capital risk, the international diversification puzzle is worse than we think, is based on an econometric …: considering the human capital risk does not unequivocally worsen the puzzle and in some cases helps explaining it. …

frequencies, the Consumption-CAPM is still rejected by the data and requires a very high level of Relative Risk Aversion(RRA) in … order to rationalize the stock market risk premium. This result holds for a variety of data sources and samples –including …-sectional dis-persion of consumption risk relative to the cross-sectional variation of average returns …

We examine individuals’ distributional orderings in a number of contexts. This is done by using a questionnaire-experiment … flavours include inequality, risk, social welfare and justice. The issue of personal involvement in the distributional …