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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
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On measuring uncertainty and its impact on investment : cross-country evidence from the euro area
Meinen, Philipp; Röhe, Oke - 2016
many core economies. Focusing on the four largest euro-area countries, this paper investigates the role of uncertainty for … investment dynamics. By doing so, we compare five prominent uncertainty proxies put forward in the recent literature: the … uncertainty, and two indicators taking up the concept of (econometric) unpredictability. Although all uncertainty measures show …
Persistent link: https://www.econbiz.de/10011571047
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Show what you risk - norms for risk taking
Grimm, Stefan - 2018
Most economic decisions are embedded in a specific social context. In many such contexts, individual choices are influenced by their observability due to underlying social norms and social image concerns. This study investigates the impact of choices being observed, compared to anonymity of...
Persistent link: https://www.econbiz.de/10011930435
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Decision making under uncertainty : an experimental study in market settings
Echenique, Federico; Imai, Taisuke; Saito, Kota - 2019
We design and implement a novel experimental test of subjective expected utility theory and its generalizations. Our experiments are implemented in the laboratory with a student population, and pushed out through a large-scale panel to a general sample of the US population. We find that a...
Persistent link: https://www.econbiz.de/10012126236
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Risk, time pressure, and selection effects
Kocher, Martin; Schindler, David; Trautmann, Stefan T.; … - 2018
Time pressure is a central aspect of economic decision making nowadays. It is therefore natural to ask how time pressure affects decisions, and how to detect individual heterogeneity in the ability to successfully cope with time pressure. In the context of risky decisions, we ask whether a...
Persistent link: https://www.econbiz.de/10011899690
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Brexit, collective uncertainty and migration decisions
Auer, Daniel; Tetlow, Daniel - 2020
landscape. Uncertainty and perceptions are influential drivers when it comes to migration decisions, and yet, the literature … simultaneously associated with uncertainty perceptions. We leverage the British referendum of 2016 to leave the European Union as a … unique natural experiment to demonstrate how collective uncertainty, induced by national government policy, affects the …
Persistent link: https://www.econbiz.de/10012261129
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Water reuse in Brazilian manufacturing firms
Féres, José; Reynaud, Arnaud; Thomas, Alban - 2015
This paper examines the factors influencing water reuse in manufacturing firms and analyzes whether the structure of intake water demand differs between firms that adopt water reuse practices and those which do not. To this purpose, we estimate a two-stage econometric model based on a sample of...
Persistent link: https://www.econbiz.de/10012053287
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Assessing the impact of environmental regulation on industrial water use : evidence from Brazil
Féres, José; Reynaud, Arnaud - 2015
This paper aims at characterizing water demand by Brazilian manufacturing plants located in São Paulo and at assessing the potential impacts of environmental policies on industrial water use. We first show that the price elasticity of the water demand, -1.0 on average, is high enough for a...
Persistent link: https://www.econbiz.de/10012023821
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The state of the art of environmental economic water and forest accounts in Brazil : overview and evolution
Góes, Geraldo Sandoval; Nascimento, José Antônio Sena; … - 2021
This paper aims to report the construction process of Environmental Economic Accounts for Water in Brazil and its institutional articulation between national and international public and private institutions, who participated in this construction effort. It also presents the current stage of...
Persistent link: https://www.econbiz.de/10014429341
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The green Paradox and Learning-by-Doing in the renewable energy sector
Nachtigall, Daniel; Rübbelke, Dirk T. G. - 2014
The green paradox conveys the idea that climate policies may have unintended side effects when taking into account the reaction of fossil fuel suppliers. In particular, carbon taxes that will be implemented in the future induce resource owners to extract more rapidly which increases present...
Persistent link: https://www.econbiz.de/10010429908