Barriers to homeownership have traditionally been an important research and policy issue. In particular, the role of …-occupancy propensities is driven by risk aversion, as it is assumed in most of the theoretical models, or on the contrary it is driven by … Italian Survey of Household Income and Wealth carried out by the Bank of Italy. Our results confirm that in Italy both labor …

correlations between risk aversion and labour market outcomes (full-time employment, temporary agency work, fixed-term contracts …, employer change, quits, training, wages, and job satisfaction). …

variance of exam grades is higher and that starting wages are lower if the skew is higher: employers shift quality risk to new … wages to reflect this. Formal analysis supports the intuition. We use the dispersion of exam grades within a field of … education as an indicator of the heterogeneity that employers face. We find solid evidence that starting wages are lower if the …

volatility significantly increases the mortgage delinquency risk. This pattern even holds for borrowers with higher …; iii) the inability for a number of borrowers most at income risk to accumulate precautionary savings in order to meet …

sizable effect of risk on accumulation and pronounced interactions between wealth and risk. The presented evidence is …

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 …

benefits on the migration decision. While benefits simply increase the expected gain for risk neutral individuals, they work as … an insurance device for risk averse migrants; the results for the two groups might differ. Thus, the migration decision … is reformulated as monetary lottery and a utility function exhibiting constant relative risk aversion is applied. The …

Quality of life differences across areas can be measured by differences in real wages where real wages are computed as … nominal wages adjusted for the cost of living. Computing cost of living differences involves several important issues …