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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...
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We offer a decomposition for the variance of the current unemployment rate that not only measures the contributions of … labor market flows but also of the approximation error embedded in other decompositions that use surrogates for the current …
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Although a meaningful percentage of firms are created out of unemployment and current active labor market policies in … Europe often subsidize unemployed individuals to start their own businesses, little is known about the role of unemployment … schedule which changed as a result of the 2012 Spanish labor market reform, we estimate the causal reform effects on the …
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