’ incomes on individual effort in both datasets. The individual’s rank in the income distribution is a stronger determinant of … is also affected by comparisons over time: those who received higher income offers or enjoyed higher income rank in the … past exert lower levels of effort for a given current income and rank. …

The aggregation procedure when a sample of length N is divided into blocks of length m = o(N), m ® ¥ and observations … varying levels of aggregation, has much smaller bias, permitting derivation of limiting distributional properties of suitably …

his paper deal with aggregation of AR(1) micro variables driven by a common and idiosyncratic shock with random …

a deeper understanding as to why the economy lacks in specific areas of risk sharing arrangements. As well, it can point … to areas where the economy's risk sharing capability can be enhanced. Using household data from the Panel Study of Income … Dynamics, we find that a negligible amount of risk (around 10%) is shared in the aggregate, about 50% is shared within regions …

risk information in the global economy. The paper examines the current state of the financial risk framework, notes its … place. The proposed open-source financial risk model separates the dual function that internal risk models perform within … financial institutions, first to attempt to optimize the risk-return profile of mostly private economic rent-seeking entities …

Complex regulatory decisions about risk rely on the brokering of evidence between providers and recipients, and involve … risk science, decision psychology and computer simulation. A two-agent model that accounts for the sufficiency of evidence …

risk. To do so, the article unravels the much-misunderstood experiences of eight Norwegian municipalities whose investments … analytical concepts—“the fetishization of the knowledge of risk” and “fictitious distance”—to help explain how the crisis spread …