Showing 1 - 10 of 469
to the Netherlands. The empirical results show that intensities of return migration are U-shaped with respect to migrants …
Persistent link: https://www.econbiz.de/10010211160
Netherlands, which implies that all migrants are (self)-employed at the time of arrival. We find that many migrants leave the …
Persistent link: https://www.econbiz.de/10003908641
-employment ; wage-employment ; income distribution ; income risk ; income skew ; income variance ; occupational choice ; labor market …
Persistent link: https://www.econbiz.de/10009522492
variance of exam grades is higher and that starting wages are lower if the skew is higher: employers shift quality risk to new …
Persistent link: https://www.econbiz.de/10003557354
Using a new survey of European households, we study how exogenous variation in the macroeconomic uncertainty perceived by households affects their spending decisions. We use randomized information treatments that provide different types of information about the first and/or second moments of...
Persistent link: https://www.econbiz.de/10012491975
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 …
Persistent link: https://www.econbiz.de/10012194519
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
Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper … vocational high school. Accounting for risk does little to change this picture. By contrast, vocational high school is associated …
Persistent link: https://www.econbiz.de/10010221567
This paper looks at the joint impact of labour market risk and selection in to the labour market on returns to … education. Accounting for non-employment risk leads to substantial changes in returns while wage risk has little impact. The … risk- adjusted returns to both high school and college for males are larger than unadjusted returns. For females, risk …
Persistent link: https://www.econbiz.de/10012022693
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