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 … perceives the threat of job loss and is of a transitory nature. The change in stated risk attitude matches observable job …

creditors play an active role in disciplining. Block purchases have a monitoring role in Belgium and Germany, but not in France …-executive directors. Board restructuring is correlated to poor performance, but not for France. Neither existing blockholders nor …

first few quarters. This combination resulted in a major increase of imports from the main trading partners of West Germany … in other countries leading to a feedback on Germany. The paper provides a short overview over the basic model. The … modelling approach and estimation results for the trade submodels are presented in some detail and simmulation results for the …

UK-immigrants in Germany to show that uncertainty about future bilateral relations and concerns about a negative economic … EinwanderInnen in Deutschland durchgeführt wurden, um zu zeigen, dass die Unsicherheit über zukünftige bilaterale Beziehungen und die …

('selection neglect bias'). Based on representative survey data from Germany, I document substantial misperceptions of the part …