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Higher Order Risk Preferences: New Experimental Measures, Determinants and Field Behavior

Schneider, Sebastian; Sutter, Matthias - 2020

We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment … prudence - are strongly related to adolescents' field behavior, including their financial decision making, eco …-friendly behavior, and health status, including addictive behavior. Most importantly, we show that dropping prudence and temperance from …

Persistent link: https://www.econbiz.de/10012322445

Contractual employment protection and the scarring risk of unemployment

Jahn, Elke J.; Wagner, Thomas - 2005

Risk-averse job seekers fearing the scarring effect of unemployment meet vacancies offering contractual employment protection (CEP) in form of guaranteed employment (GEC) or severance pay contracts (SPC). A GEC fully eliminates both the income risk and the scarring risk of unemployment. SPC...

Persistent link: https://www.econbiz.de/10010267421

Monitoring and Prudence

Beltrametti, Luca; Cardullo, Gabriele - 2024

"prudence effect" offers some clues for a more nuanced interpretation of the attitudes towards monitoring by firms and workers. …

Persistent link: https://www.econbiz.de/10014567543

Contractual Employment Protection and the Scarring Risk of Unemployment

Jahn, Elke; Wagner, Thomas - Institute for the Study of Labor (IZA) - 2005

Persistent link: https://www.econbiz.de/10005762197

A Theory for Ranking Distribution Functions

Aaberge, Rolf; Havnes, Tarjei; Mogstad, Magne - 2013

When is one distribution (of income, consumption, or some other economic variable) more equal or better than another? This question has proven difficult to answer in situations where distribution functions intersect and no unambiguous ranking can be attained without introducing weaker criteria...

Persistent link: https://www.econbiz.de/10010329031

Income vs. Consumption Inequality in South Korea: Evaluating Stochastic Dominance Rankings by Various Household Attributes

Heshmati, Almas; Rudolf, Robert - 2013

Using four rounds (1999, 2002, 2005, 2008) of the Korean Labor and Income Panel Study (KLIPS), this article examines determinants of household income and consumption levels and inequalities. Unconditional as well as conditional stochastic dominance (SD) tests are performed by year, by household...

Persistent link: https://www.econbiz.de/10010329075

Testing for restricted stochastic dominance

Davidson, Russell; Duclos, Jean-Yves - 2006

Asymptotic and bootstrap tests are studied for testing whether there is a relation of stochastic dominance between two distributions. These tests have a null hypothesis of nondominance, with the advantage that, if this null is rejected, then all that is left is dominance. This also leads us to...

Persistent link: https://www.econbiz.de/10010267350

German works councils and productivity: first evidence from a nonparametric test

Wagner, Joachim - 2005

This paper presents the first nonparametric test whether German works councils go hand in hand with higher labor productivity or not. It distinguishes between establishments that are covered by collective bargaining or not. Results from a Kolmogorov-Smirnov test for first order stochastic...

Persistent link: https://www.econbiz.de/10010267539

Evaluating dominance ranking of PSID incomes by various household attributes

Maasoumi, Esfandiar; Heshmati, Almas - 2005

We examine the dynamic evolution of incomes, both disposable and gross, for several groups in the PSID panel data at several points from 1968 to 1997. We employ the extended Kolmogorov-Smirnov tests of First and Second Order Stochastic Dominance (SD) as implemented by Maasoumi and Heshmati...

Persistent link: https://www.econbiz.de/10010267644

Higher education and equality of opportunity in Italy

Peragine, Vito; Serlenga, Laura - 2007

This paper proposes a definition of equality of educational opportunities. Then, it develops a comprehensive model that allows to test for the existence of equality of opportunity in a given distribution and to rank distributions according to equality of opportunity. Finally, it provides an...

Persistent link: https://www.econbiz.de/10010268806

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