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this relation is driven by a link between internal economic locus of control and a lower perception of the risk of …
Persistent link: https://www.econbiz.de/10011594548
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In addition to discrimination, market power, and human capital, gender differences in risk preferences might also … in any given period. Subjects were informed of the exogenous risk premium being offered for the risky job. Women were … gap in the experiments. That women were more risk averse than men was also manifest in the Pratt-Arrow Constant Absolute …
Persistent link: https://www.econbiz.de/10011521155
This paper analyzes the optimal response of the social insurance system to a rise in labor market risk. To this end, we … develop a tractable macroeconomic model with risk-free physical capital, risky human capital (labor market risk) and … (human capital) risk increases social welfare if the government adjusts the tax-and-transfer system optimally. Finally, we …
Persistent link: https://www.econbiz.de/10011977744
producing human capital. We also demonstrate that this attenuation effect tends to concentrate generational consumption risk … into an i.i.d. generational consumption shock. In other words, each generation bears all of the risk associated with their …
Persistent link: https://www.econbiz.de/10011803190
shocks to the first and second moments of idiosyncratic risk on macroeconomic outcomes. An increase in demand uncertainty …
Persistent link: https://www.econbiz.de/10011896893
In this paper, we develop and numerically solve a model of idiosyncratic labour income and idiosyncratic interest rates to predict the evolution of a wealth distribution over time. Stochastic labour income follows a deterministic growth trend and it fluctuates between a wage and unemployment...
Persistent link: https://www.econbiz.de/10011913697
policy relevant outcomes and policy effects, that of the wage premia for fatal injury risk. Estimates of the overall hedonic …
Persistent link: https://www.econbiz.de/10008688722
We estimate the impact of the income earned in the host country on return migration of labor migrants from developing countries. We use a three-state correlated competing risks model to account for the strong dependence of labor market status and the income earned. Our analysis is based on...
Persistent link: https://www.econbiz.de/10010211160