rate risk, is more closely associated with comprehensive income volatility than either net income volatility or fair value … negatively associated with bank share prices, suggesting that comprehensive income volatility captures incremental risk factors … representation of bank risk, and is not more related to capital market pricing of risk in bank shares, than either net income …

Kimball, 1990a and Kimball, 1990b established that income risk increases the marginal propensity to consume if and only … multidimensional risk increases the marginal propensity to consume if and only if absolute prudence decreases with wealth, in the sense …

Mutual funds industry has been sought by French politicians as mediation between the popular savings and company … funds industry has becoming a global competitive industry draining an even greater share of the savings, it has failed in …

urban areas but the econometric results do not support this conclusion. Current income strongly affects the savings level in …This article provides an analysis of the microeconomic determinants of household savings behaviour in Morocco according … to geographical household residence. Descriptive statistics seem to indicate a similar savings pattern in both rural and …

formation comes as the result of an attempt to maximize gains derived from shared risk to income within a social group. They …In this article the authors examine the motivation behind the formation of risk pools. They do so by using as suitable … note that the most significant benefits of pooled risk occur when individuals are of different occupations and there is a …

decisions on primary prevention and savings when individuals face a health risk involving expenses that can not be covered by … covered by insurance. We show that the impact of wealth and interest rates on prevention and savings decisions strongly … depends on the perceived substituability between health and wealth. Moreover, agents have their own risk perceptions which in …

This paper reconsiders the theory of existence of efficient allocations and equilibria when consumption sets are … unbounded below under the assumption that agents have incomplete preferences. Our model is motivated by an example in the theory … of assets with short-selling where there is risk and ambiguity. Agents have Bewley’s incomplete preferences. As an …