This paper bridges the financial market and the marriage market using a reference-dependent mechanism. Male-biased sex … reference level of marriage expenditure for such families. Using the 2013 China Household Finance Survey data, we find that a 0 …

standing in the marriage market and that they care about their standing in that market more than married men do, we find that a … stronger distaste for low relative wealth translates into reduced relative risk aversion and, consequently, into riskier … of divorce and, hence, on the likelihood of re-entry into the marriage market: married men in environments that are more …

In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married … more aggregated state-level. Quantitatively, the impact of marriage on interstate risk sharing varies over divorce regimes … just improve the allocation of risk at the individual level, but also have implications for the allocation of risk at the …

are too impatient to save and too risk averse to take the sort of chances needed to accumulate wealth. The empirical … the issues confounding previous analyses of the links between risk preferences and well-being. Our sample includes more … on risk preferences, we find little evidence of robust links between risk aversion and well-being. However, when we …

Why are better educated and more risk-friendly persons more mobile across regions? To answer this question, we use … patterns. Our findings indicate that risk-loving and skilled people are more mobile over longer distances because they are more … distance-related migration costs cannot explain the lower distance sensitivity of educated and risk-loving individuals …

-coded administrative wage data from the German IAB Employment Sample (IABS). We then relate these robust measures of earnings risk to the … risk attitudes of individuals working in these occupations. We find that willingness to take risk is positively correlated …

A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but … perform worse. We test these predictions with two risk tolerance proxies: stock market participation and personal leverage … return on assets. The results are similar using personal leverage as risk tolerance proxy. We consider alternative …

of our study was to examine whether and how deep parameters such as time and risk preferences affect the intention to … control) on the effect of natural disasters on time and risk preferences. We find unambiguous effects towards more risk …

We consider the external validity of laboratory measures of risk attitude. Based on a large-scale experiment using a … laboratory risky financial decisions, and (ii) behavior in naturally-occurring field behavior under risk (financial, health and … employment decisions). We find that measures of risk attitude are related to behavior in laboratory financial decisions and the …