Showing 1 - 10 of 1,716
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
-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. …
Persistent link: https://www.econbiz.de/10010261962
sizable effect of risk on accumulation and pronounced interactions between wealth and risk. The presented evidence is …
Persistent link: https://www.econbiz.de/10010289847
the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch … about the effects of risk aversion on selection into entrepreneurship. …This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more …
Persistent link: https://www.econbiz.de/10010282614
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 …
Persistent link: https://www.econbiz.de/10010262728
A common approach to dealing with missing data is to estimate the model on the common subset of data, by necessity throwing away potentially useful data. We derive a new probit type estimator for models with missing covariate data where the dependent variable is binary. For the benchmark case of...
Persistent link: https://www.econbiz.de/10010269313
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 …
Persistent link: https://www.econbiz.de/10010274213
This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing … of cognition. Women are more risk averse than men. Over an initial range, women require no further compensation for the … as men. Psychological variables account for some of the interpersonal variation in risk aversion. They explain none of …
Persistent link: https://www.econbiz.de/10010274253
We construct a theory of intergenerational preference transmission that rationalizes the choice between alternative …. We consider two applications: patience and risk aversion. We argue that parenting styles may be important for explaining … why different groups or societies develop different attitudes towards human capital formation, entrepreneurship, and …
Persistent link: https://www.econbiz.de/10010291395
The aim of this paper is to investigate whether return migrants are more likely to become entrepreneurs than non-migrants. We develop a theoretical search model that puts forward the trade off faced by returnees since overseas migration provides an opportunity for human and physical capital...
Persistent link: https://www.econbiz.de/10010269590