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Do employee share owners face too much financial risk?
Kruse, Douglas L.; Blasi, Joseph R.; Weltmann, Dan; … - 2019
excessive financial risk. Recent theory concludes that 10-15% of a worker's wealth portfolio can be prudently invested in … higher self-rated knowledge of personal finances, and are more likely to understand the value of diversification. While …
Persistent link: https://www.econbiz.de/10012002671
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Managers' risk preferences and firm training investments
Caliendo, Marco; Cobb-Clark, Deborah A.; Pfeifer, Harald; … - 2022
We provide the first estimates of the impact of managers' risk preferences on their training allocation decisions. Our conceptual framework links managers' risk preferences to firms' training decisions through the bonuses they expect to receive. Risk-averse managers are expected to select...
Persistent link: https://www.econbiz.de/10012820689
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Portfolio allocation, income uncertainty and households' flight from risk
Brown, Sarah; Gray, Daniel; Harris, Mark N.; Spencer, … - 2016
Analysing the US Panel Study of Income Dynamics, we present a new empirical method to investigate the extent to which households reduce their financial risk exposure when confronted with background risk. Our novel modelling approach - termed a deflated fractional ordered probit model -...
Persistent link: https://www.econbiz.de/10011594575
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Willingness to take risk : the role of risk conception and optimism
Dohmen, Thomas; Quercia, Simone; Willrodt, Jana - 2018
We show that the disposition to focus on favorable or unfavorable outcomes of risky situations affects willingness to take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is strongly associated with optimism, a stable facet of...
Persistent link: https://www.econbiz.de/10011880595
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Performance and risk taking under threat of elimination
Adams, Nathan R.; Waddell, Glen R. - 2017
We revisit the incentive effects of elimination tournaments with a fresh approach to identification, the results of which strongly support that performance improves under the threat of elimination and does so, but only in part, due to increases in risk taking. Where we can separately identify...
Persistent link: https://www.econbiz.de/10011731884
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Marshallian vs Jacobs effects : which one is stronger? : evidence for Russia unemployment dynamics
Demidova, Olʹga Anatolʹevna; Kolyagina, Alena; … - 2018
This paper is devoted to the study of diversification and specialization influence on one of the main indicators of … were empirically tested: 1) the dependence of the unemployment rate on the degree of concentration or diversification is … concentration or diversification on the level of unemployment depends on the time period. To test these hypotheses nonparametric …
Persistent link: https://www.econbiz.de/10011958935
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The measurement of child costs : a rothbarth-type method consistent with scale economies
Bargain, Olivier; Donni, Olivier - 2009
We propose a new methodology to estimate the share of household income accruing to children (i.e., the cost of children). Following the principle of the Rothbarth approach, the identification of the children's share requires the observation of at least one adult-specific good. However, our...
Persistent link: https://www.econbiz.de/10003931950
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The measurement of child costs : evidence from Ireland
Bargain, Olivier; Donni, Olivier; Gbakou, Monnet - 2009
We apply an extension of the Rothbarth approach to estimate the share of household resources accruing to children (i.e., the cost of children) in Ireland. The method also allows us to identify the economies of scale in the household and indifference scales in Lewbel (2003)’s sense. A practical...
Persistent link: https://www.econbiz.de/10003932408
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Entrepreneurial innovation and sustained long-run growth without weak or strong scale effects
Grossmann, Volker (contributor) - 2008
R&D-based growth theory suggests that a larger population size raises either the long-run rate of economic growth …
Persistent link: https://www.econbiz.de/10003666469
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Growth, development, and technological change
Grossmann, Volker (contributor);  … - 2007
The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of …
Persistent link: https://www.econbiz.de/10003527555