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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
We estimate the long-term effects of start-up subsidies (SUS) for the unemployed on subjective outcome indicators of well-being, as measured by the participants' satisfaction in different domains. This extends previous analyses of the current German SUS program ("Gründungszuschuss") that...
Persistent link: https://www.econbiz.de/10012136864
percent of mean income. In this paper we use economic theory to determine the relation between the appropriate make …
Persistent link: https://www.econbiz.de/10012034365
although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. …
Persistent link: https://www.econbiz.de/10011543578
stronger distaste for low relative wealth translates into reduced relative risk aversion and, consequently, into riskier … prone to divorce exhibit risk-taking behavior that is more similar to that of single men than married men in environments …
Persistent link: https://www.econbiz.de/10012059447
I study attitudes towards risk taking in cases where a person relates to others positively, namely altruistically. This … this person's risk-taking behavior differ if the utility of another person does not enter his utility function? Does being …? Specifically, holding constant other variables, I ask: is an altruistic person more risk averse or less risk averse than a …
Persistent link: https://www.econbiz.de/10014423411
households reduce their financial risk exposure when confronted with background risk. Our novel modelling approach - termed a … risk, and is unique in recovering for, any given risky asset class, the shares that are reallocated to a safer asset … category. Background risk exerts a significant impact on household portfolios, resulting in a 'flight from risk', away from …
Persistent link: https://www.econbiz.de/10011594575
We develop a method to estimate domain-specific risk. We apply the method to sickness insurance by fitting a utility … risk aversion increases with income. Second, marginal utility is higher in the sick state conditional on income, due to an … observed fixed cost of sickness. Third, the domain-specificity of risk shifts the focus on the smoothing of utility, not …
Persistent link: https://www.econbiz.de/10011865458
We investigate risk aversion as a driver of labour market discrimination against homosexual men. We show that more … hiring discrimination by more risk-averse employers is consistent with taste-based and statistical discrimination. To test … heterosexual or homosexual job candidate. In addition, participants are surveyed on their risk aversion and other characteristics …
Persistent link: https://www.econbiz.de/10011388337
chairman and share of women in the boardroom) and firm's risk attitudes measured as variability in four firm outcome variables … than 50 employees, we find extensive evidence of a negative association between female CEO and firm's risk attitudes. This … risk aversion profile and put more effort in monitoring firm activities than men in the financial matter domains. A number …
Persistent link: https://www.econbiz.de/10010128850