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The Social Cost of Carbon with Intragenerational Inequality Under Economic Uncertainty

Ploeg, Frederick van der; Emmerling, Johannes; Groom, … - 2022

intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is …

Persistent link: https://www.econbiz.de/10014082790

Measuring Uncertainty of a Combined Forecast and Some Tests for Forecaster Heterogeneity

Lahiri, Kajal; Peng, Huaming; Sheng, Xuguang - 2021

We have argued that from the standpoint of a policy maker who has access to a number of expert forecasts, the uncertainty of a combined forecast should be interpreted as that of a typical forecaster randomly drawn from the pool. With a standard factor decomposition of a panel of forecasts, we...

Persistent link: https://www.econbiz.de/10013251262

Gender Differences in Sabotage : The Role of Uncertainty and Beliefs

Dato, Simon - 2019

We study gender differences in relation to performance and sabotage in competitions. While we find no systematic gender differences in performance in the real effort task, we observe a strong gender gap in sabotage choices in our experiment. This gap is rooted in the uncertainty about the...

Persistent link: https://www.econbiz.de/10012892013

Wealth Management and Uncertain Tipping Points

Strøm, Steinar - 2019

hitting a threshold, as well as a set of risk-modified optimality conditions for overall wealth management, as long as no …

Persistent link: https://www.econbiz.de/10012892098

Policy Coordination Under Model Disagreement and Uncertainty

Hefeker, Carsten - 2019

What are the incentives for governments to coordinate their policies internationally when there is model disagreement and uncertainty? We build a model where countries disagree on policy targets and how policies affect the economies, and show that uncertainty not only determines the type of...

Persistent link: https://www.econbiz.de/10012892108

The Optimal Amount of Attention to Capital Income Risk and Heterogeneous Precautionary Saving Behavior

Yin, Penghui - 2019

uninsured capital income risk, and suffer from an information-processing capacity constraint. For given attention devoted to … capital income risk, we solve for the optimal consumption-saving choices and show that the expected welfare is increasing with … capacity, assuming a relative risk aversion degree larger than unity. Furthermore, we solve for attention choice and find that …

Persistent link: https://www.econbiz.de/10012892117

Uncertainty and the Cost of Bank vs. Bond Finance

Grimme, Christian - 2019

risk of firm default …

Persistent link: https://www.econbiz.de/10012892132

On Current and Future Carbon Prices in a Risky World

Olijslagers, Stan; Ploeg, Frederick van der; … - 2021

price rises at the risk-adjusted interest rate. Adding damages leads to a higher carbon price that grows more slowly. But as …

Persistent link: https://www.econbiz.de/10013226653

Leroux, M.‐L; Pestieau, Pierre - 2021

This paper studies the properties of the optimal taxes on bequests when individuals differ in wage and in their risks of mortality and old-age dependance. Survival is positively correlated to income but dependency is negatively correlated with it. The government cannot distinguish between...

Persistent link: https://www.econbiz.de/10013234521

Cross-Country Unemployment Insurance, Transfers, and Trade-Offs in International Risk Sharing

Enders, Zeno; Vespermann, David - 2021

We assess to which degree an international transfer mechanism can enhance consumption risk sharing as well as … analyze the changing dynamics that a EUBS brings about. We find that a EUBS can provide risk sharing by stabilizing relative …-spending shocks. Yet, since this trade-off between allocative efficiency and consumption risk sharing does not exist after certain …

Persistent link: https://www.econbiz.de/10013236196