This paper reconsiders the wide agreement that females are more risk averse than males providing a leap forward in its …

rate contracts in the presence of output risk, and provide novel insights that reference dependent preferences affect the … tradeoff between risk and incentives. Subjects in our experiments choose their compensation for performing a real-effort task … from a menu of linear piece rate and fixed payment combinations. As classical principal-agent models predict, more risk …

We find a strong relationship between risk-loving preferences and cognitive ability which becomes stronger as adherence … relationship between risk preferences and cognitive ability for the human population as a whole irrespective of socio …

loss due to increased earnings risk. However, German registry data for the years 2001-2016 reveal a moderation in higher …-order earnings risk: Men and women born later face higher skewness in earnings changes, indicating fewer large decreases than …

We decompose earnings risk into contributions from hours and wage shocks. To distinguish between hours shocks, modeled … shocks explain 31% of total risk, permanent hours shocks 21%. Progressive taxation attenuates cross-sectional earnings risk …

The purpose of this paper is to provide a general proposition of the relationship between altruism and risk taking. As … generalization of a preliminary result reported in Stark (2024). In a broad utility framework, we study the risk aversion of an … altruistic person who is an active donor (benefactor) and the risk aversion of a beneficiary of an altruistic transfer. In both …

, but with increments being smaller in the European data. Third, we find that wage risk is procyclical in Germany while it … determining the cyclical properties of labor market risk. -- Life-cycle risk ; uncertainty fluctuations ; business cycle …

This paper examines whether risk-taking in a lottery depends on the opportunity to respond to the lottery outcome …/or extra labor effort. We find strong evidence that ex-post access to labor opportunities reduces ex-ante risk willingness … while access to tax evasion has no effect on risk behavior. We discuss possible explanations for this result based on the …