also introduce the concept of ?skewness affection? as a relevant phenomenon in the housing tenure decisions. Income … design of mortgage insurance products. …

-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 … driven by households? risk aversion, while credit constraints play no role. …

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 …

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

This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing … literature relating economic preference parameters to psychological measures by asking whether variations in preference … of cognition. Women are more risk averse than men. Over an initial range, women require no further compensation for the …

We use a novel method to elicit and measure higher order risk preferences (prudence and temperance) in an experiment … with 658 adolescents. In line with theoretical predictions, we find that higher order risk preferences - particularly … prudence - are strongly related to adolescents' field behavior, including their financial decision making, eco …

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 …

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 direct measures of individual risk aversion, we find evidence of a …