We study whether natural disasters affect risk-taking behavior exploiting geographic variation in exposure to natural … disasters. We conduct standard risk games (using real money) with randomly selected individuals in Indonesia and find that … individuals who recently suffered a flood or earthquake exhibit more risk aversion than individuals living in otherwise like …

We estimate whether risk preferences are affected by traumatic events by using a unique survey of Sri Lankan twins … civil war, validated measures of mental health and risk preferences, and a rich set of control variables. Our estimation … wealth shocks and/or changes in mental health. We find that both events lead to less risk aversion, a result that is not …

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 …

employment and income, but increases financial hardship and financial risk aversion. These impacts are generally short …

-2017, we estimate the price effects of three flood risk signals: 1) the Biggert-Waters Flood Insurance Reform Act, which …

This paper identifies individual and regional risk factors for hospitalizations caused by heat within the German …

-coded administrative wage data from the German IAB Employment Sample (IABS). We then relate these robust measures of earnings risk to the … risk attitudes of individuals working in these occupations. We find that willingness to take risk is positively correlated … with the wage dispersion of an individual's occupation. -- dispersion estimation ; earnings risk ; censoring ; quantile …

Microeconomic theory predicts that under certain regularity conditions higher idiosyncratic risk increases the … propensity to insure against independent marketable risks. We apply these predictions to the specific case of labor income risk … and car insurance using data from the UK. The main empirical results are: - higher labor income risk induces a higher …

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 …