different groups are exposed to economic risk. As the ESI derives from a data-independent conceptual foundation, it can be …

policy relevant outcomes and policy effects, that of the wage premia for fatal injury risk. Estimates of the overall hedonic …

-2008 Behavioral Risk Factor Surveillance System random sample of 1.3 million United States citizens. Life-satisfaction in each U …, using solely non-subjective data, in a literature from economics (so-called 'compensating differentials' neoclassical theory …

exogenous risk and delegation. That is, we show that only if exogenous risk is sufficiently large, the risk-neutral principal … may prefer to delegate authority over decisions to the risk-averse agent. Intuitively, for incentive reasons, the … principal may optimally want to allow the agent to reduce his risk exposure. Nevertheless, even endogenous risk may be higher …

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …

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

We survey the literature on the Risk Augmented Mincer equation that seeks to estimate the compensation for uncertainty …