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Income in Jeopardy : how losing employment affects the willingness to take risks/ Clemens Hetschko; Malte Preuss

Hetschko, Clemens; Preuss, Malte - 2015

Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing oneś job reduces the willingness to take risks. This effect strengthens in...

Persistent link: https://www.econbiz.de/10011405097

Substitution elasticities between capital, labour, material, electricity and fossil fuels in German producing and service sectors

Koschel, Henrike - 2000

In this paper, substitutional relationships between capital, labour, material, electricity, and fossil fuels in German … the Morishima elasticity of substitution, labour and capital are substitutes in all sectors. Labour is generally a …

Persistent link: https://www.econbiz.de/10013428329

The extent of collective bargaining and workplace representation : transitions between states and their determinants. A comparative analysis of Germany and Great Britain

Addison, John T.; Bellmann, Lutz; Bryson, Alex; Pahnke, … - 2009

Industrial relations are in flux in many nations, perhaps most notably in Germany and Britain. That said, comparatively … in Germany and still less in both countries about firm transitions between these institutions over time. The present … and the erosion of sectoral bargaining in Germany, and identify the respective roles of behavioral and compositional …

Persistent link: https://www.econbiz.de/10003894436