in levels of fatal risk. The paper contrasts VSL estimates from conventional analysis with the bounds obtained under this …

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 …

A longstanding challenge in evaluating the impact of uncertainty on investment is obtaining measures of managers …' subjective uncertainty. We address this challenge by using a detailed new survey measure of subjective uncertainty collected by … strongly and robustly negatively associated with higher uncertainty, with a two standard deviation increase in uncertainty …

We examine several measures of uncertainty to make five points. First, equity market traders and executives at … nonfinancial firms have shared similar assessments about one-year-ahead uncertainty since the pandemic struck. Both the one …-year VIX and our survey-based measure of firm-level uncertainty at a one-year forecast horizon doubled at the onset of the …

present a model which incorporates elements from the theory of information cascades with the standard model of tax evasion and …

We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred … homogeneous with respect to the degree of risk aversion. We allow endogenous schooling attainments to affect the level of risk … experienced in labor market earnings through wage dispersion and employment rate dispersion. We find a low degree of relative risk …

bargaining process and significantly contribute to the differences in bargaining outcomes …