Narrow search
Showing 1 - 10 of 219
Cover Image
Gambling and the use of credit: an individual and household level analysis
Brown, Sarah; Dickerson, Andy; McHardy, Jolian; Taylor, Karl - 2010
We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …
Persistent link: https://www.econbiz.de/10010271301
Cover Image
The effects of lottery prizes on winners and their neighbors: Evidence from the Dutch Postcode Lottery
Kuhn, Peter; Kooreman, Peter; Soetevent, Adriaan R.; … - 2010
Each week, the Dutch Postcode Lottery (PCL) randomly selects a postal code, and distributes cash and a new BMW to lottery participants in that code. We study the effects of these shocks on lottery winners and their neighbors. Consistent with the life-cycle hypothesis, the effects on winners'...
Persistent link: https://www.econbiz.de/10010269872
Cover Image
Aging and attitudes towards strategic uncertainty and competition: An artefactual field experiment in a Swiss bank
Madies, Thierry; Villeval, Marie Claire; Wasmer, Malgorzata - 2012
We study the attitudes of junior and senior employees towards strategic uncertainty and competition, by means of a market entry game inspired by Camerer and Lovallo (1999). Seniors exhibit higher entry rates compared to juniors, especially when earnings depend on relative performance. This...
Persistent link: https://www.econbiz.de/10010287655
Cover Image
Cognitive skills explain economic preferences, strategic behavior, and job attachment
Burks, Stephen V.; Carpenter, Jeffrey P.; Götte, Lorenz; … - 2008
Economic analysis has said little about how an individual's cognitive skills (CS's) are related to the individual's preferences in different choice domains, such as risk-taking or saving, and how preferences in different domains are related to each other. Using a sample of 1,000 trainee truckers...
Persistent link: https://www.econbiz.de/10010268681
Cover Image
Labour Income Uncertainty, Risk Aversion and Home Ownership
Diaz-Serrano, Luis - 2004
In this paper we investigate the effect of labour income uncertainty on the probability of home ownership in Germany and Spain. This study is motivated by two facts. Firstly, theoretical models provide ambiguous results in this issue. Secondly, there is limited previous empirical evidence and...
Persistent link: https://www.econbiz.de/10010261778
Cover Image
On the Negative Relationship between Labor Income Uncertainty and Homeownership : Risk Aversion vs. Credit Constraints
Diaz-Serrano, Luis - 2004
Barriers to homeownership have traditionally been an important research and policy issue. In particular, the role of income volatility and credit constraints have been one of the main focuses in this concern. In this paper we test for the first time whether the underlying nature behind the...
Persistent link: https://www.econbiz.de/10010261962
Cover Image
Earnings Dispersion, Risk Aversion and Education
Belzil, Christian; Hansen, Jörgen - 2002
We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
Persistent link: https://www.econbiz.de/10010262728
Cover Image
A note on risk aversion and labour market outcomes: further evidence from German survey data
Pfeifer, Christian - 2008
Using the large-scale German Socio-Economic Panel, this note reports direct empirical evidence for significant correlations between risk aversion and labour market outcomes (full-time employment, temporary agency work, fixed-term contracts, employer change, quits, training, wages, and job...
Persistent link: https://www.econbiz.de/10010268600
Cover Image
Risk aversion and trade union membership
Goerke, Laszlo; Pannenberg, Markus - 2008
In an open-shop model of trade union membership with heterogeneity in risk attitudes, a worker's relative risk aversion can affect the decision to join a trade union. Furthermore, a shift in risk attitudes can alter collective bargaining outcomes. Using German panel data (GSOEP) and three novel...
Persistent link: https://www.econbiz.de/10010268721
Cover Image
Risk aversion and sorting into public sector employment
Pfeifer, Christian - 2008
This research note uses two German data sets the large-scale German Socio-Economic Panel and unique data from own student questionnaires to analyse the relationship between risk aversion and the choice for public sector employment. Main results are: (1) more risk averse individuals sort into...
Persistent link: https://www.econbiz.de/10010268904