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surge in the stock market would be self-correcting. Recent papers have discussed the role of "uncertainty" and its … measurement in influencing economic decisions. They attempt to measure uncertainty by indexes of volatility of the stock market …, GDP, forecaster disagreement, mentions of uncertainty in news media, and the dispersion of productivity shocks to firms …
Persistent link: https://www.econbiz.de/10011543578
. While it is hard to measure how this uncertainty affects work performance and willingness to compete in the field, it can be … men winning the tournament significantly more often than women under uncertainty and ambiguity. These findings suggest … disparities from increasing under uncertainty and ambiguity. …
Persistent link: https://www.econbiz.de/10012015779
the scenarios of both certainty and uncertainty. We capture the direct interest rate-hysteresis on the investments and the … of a central bank's interest rate policy, e.g. in times of low or even zero interest rates and high uncertainty, in terms …
Persistent link: https://www.econbiz.de/10012099522
-whole (full) compensation and mean and median work incomes. Given that consumption uncertainty associated with compensation …
Persistent link: https://www.econbiz.de/10012034365
uncertainty of remittance income inflows affects the accumulation of human, physical and financial assets of Mexican households …, while accounting for the level of transfers from family abroad. We find that both the level and the uncertainty of … income hypothesis and theories of precautionary saving, a one standard deviation increase in the uncertainty of remittance …
Persistent link: https://www.econbiz.de/10010250041
Probabilistic risk beliefs are key drivers of economic and health decisions, but people are not always certain about their beliefs. We study these "imprecise probabilities", also known as ambiguous beliefs. We show that imprecision is measurable separately from the levels of risk beliefs. People...
Persistent link: https://www.econbiz.de/10014390526
short-time window to test the impact of deteriorating expectations and uncertainty on firms' R&D choices. Our results show a … critically shape firms' reactions to the general uncertainty. Two main patterns emerge from our analysis. On the one hand, there … persistence of R&D choices after uncertainty shocks. …
Persistent link: https://www.econbiz.de/10012705555
Uncertainty affects employers' decisions on labour workforce, as it does on capital. We exploit differences on how … firms adjust their labour work-force when uncertainty increases. Using data from the Wage Dynamic Network Survey for 25 … European countries, we first construct, opposite to usual aggregate indicators, a set of uncertainty indicators exploiting …
Persistent link: https://www.econbiz.de/10012284895
Using a new survey of European households, we study how exogenous variation in the macroeconomic uncertainty perceived … macroeconomic uncertainty of some households. The effects on their spending decisions relative to an untreated control group are … measured in follow-up surveys. Higher macroeconomic uncertainty induces households to reduce their spending on non …
Persistent link: https://www.econbiz.de/10012491975
of uncertainty and of rationing efficiency. We show that regulatory uncertainty does not diminish the rationale for … intervention, but may require a low minimum wage that may not bind. With expected earnings-maximization, greater uncertainty widens …
Persistent link: https://www.econbiz.de/10011407940