risk of thestrategies increases proportionally. Second, we test whether the strategies can be implementedsuccessfully in …, we examine several popularexplanations for the excess returns. We find no evidence of higher market risk or lower …

inequality. This paper presents an experiment which disentangles concerns for risk and inequality in a social risk context … individual perspective, but also from a societal one. Many increases in social risk involve a simultaneous increase in risk and … terms of dispersion. We disentangle four types of dispersion: ex ante inequality, ex post inequality, individual risk, and …

This paper proposes that risk aversion encourages individuals to invest in balancedskill profiles, making them more … the impactsboth of risk aversion and balanced skills on the likelihood individuals chooseentrepreneurship. Data on Dutch … university graduates provides evidence which supportsthis contention. It thereby raises the possibility that even risk …

a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk …-running panel data set for rural households in Zimbabwe. We find that risk substantially reduces growth: in the ergodic distribution … the mean (across households) capital stock is 46% lower than in the absence of risk. This is, we believe, the first micro …

The risk of investment in schooling has largely been ignored. We assess thevariance in the rate of return by surveying … skewed. Our best guess of ex ante risk in university education is a coefficient ofvariation of about 0.3, comparable to that …