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Combining a standard measure of concern about low relative wealth and a standard measure of relative risk aversion leads to a novel explanation of variation in risk-taking behavior identified and documented by social psychologists and economists. We obtain two results: (1) Holding individual i's...
Persistent link: https://www.econbiz.de/10012179949
mind to alter these attitudes and biases, and health-related behaviours in particular, using a randomized controlled … impact of our interventions on risk-taking and inter-temporal decisions, as well as on a range of measures of health … behavioural traits and health-related behaviours. Our findings have significant implications for a new domain of research on …
Persistent link: https://www.econbiz.de/10011524950
heterogeneity in the effects, in which individuals with a low education level suffer relatively more from a given health shock …In this paper, we estimate socioeconomic heterogeneity in the effect of unexpected health shocks on labor market …. These results hold across a wide range of different types of health shocks and become more pronounced with age. Our results …
Persistent link: https://www.econbiz.de/10010282303
This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at measuring risk attitudes. Subjects decide how many boxes to collect out of 100, one of which containing a bomb. Earnings increase linearly with the number of boxes accumulated but are zero if the bomb is...
Persistent link: https://www.econbiz.de/10010287720
information on demographics, socio-economic conditions, life events, health, and cognitive functioning. We exploit exogenous … consecutive shocks later in life exceeds the sum of the separate effects, and whether economic and health shocks later in life …
Persistent link: https://www.econbiz.de/10010277333
heterogeneity in the effects, in which individuals with a low education level suffer relatively more from a given health shock …In this paper, we estimate socioeconomic heterogeneity in the effect of unexpected health shocks on labor market …. These results hold across a wide range of different types of health shocks and become more pronounced with age. Our results …
Persistent link: https://www.econbiz.de/10009371911
This paper investigates whether risk preferences explain how individuals are sorted into occupations with different earnings variability. We exploit data from the German Socio-Economic Panel, which contains a subjective assessment of willingness to take risks whose behavioral relevance has been...
Persistent link: https://www.econbiz.de/10010267608
We present a semiparametric method to estimate group-level dispersion, which is particularly effective in the presence of censored data. We apply this procedure to obtain measures of occupation-specific wage dispersion using top-coded administrative wage data from the German IAB Employment...
Persistent link: https://www.econbiz.de/10010282144
This paper proposes a method to evaluate health losses or gains by looking at the impact on well-being of a change in … health status. The paper presents estimates of the equivalent income change that would be necessary to change general … satisfaction with life to the same extent as a change in health satisfaction would do. In other words, we estimate the income …
Persistent link: https://www.econbiz.de/10010276958
We analyze interaction effects of birth weight and the business cycle at birth on individual cardiovascular (CV) mortality later in life. In addition, we examine to what extent these long-run effects run by way of cognitive ability and education and to what extent those mitigate the long-run...
Persistent link: https://www.econbiz.de/10010329078