We show that people exposed to greater pension risk are less likely to invest in risky assets. We exploit a reform that …-making funding ratios a fund-specific measure of pension risk. The effect of pension risk is stronger for people who are better …

ability to diversify the risk. There is also evidence that employers and employees weight these factors differentially in … that concentrated investments in employer stock substantially reduce risk-adjusted return performance. …

This study argues that the promotion of union goals could have positive, negative, or neutral effects on risk adjusted … estimate the effects of unions on risk adjusted returns and find that the union effect on performance varies in ways that are …

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … standard measure of risk tolerance. We find that wealthy individuals are more likely to be entrepreneurs and invest a larger … ways strongly determined by individual risk tolerance. Since the wealthy dominate aggregate risky investment, their risk …

this relation is driven by a link between internal economic locus of control and a lower perception of the risk of …

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 …