exogenous risk and delegation. That is, we show that only if exogenous risk is sufficiently large, the risk-neutral principal … may prefer to delegate authority over decisions to the risk-averse agent. Intuitively, for incentive reasons, the … principal may optimally want to allow the agent to reduce his risk exposure. Nevertheless, even endogenous risk may be higher …

in the type of degree studied can explain an additional 8.4% of the male-female pay gap. Risk-augmented earnings …

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …

methodology is applied to Norway, for which rich historical data sources exist. Taking careful account of the definition of income …

Immigrant and native child poverty in Denmark, Norway and Sweden 1993 to 2001 is investigated using large sets of panel … Norway have an immigrant origin, and that corresponding proportion is as high as about a half in Denmark as well as in Sweden … very unlikely to spend nine years in poverty, the corresponding risk for a child to a newly arrived immigrant from Turkey …

Immigrant and native child poverty in Denmark, Norway and Sweden 1993 to 2001 is investigated using large sets of panel … Norway have an immigrant origin, and that corresponding proportion is as high as about a half in Denmark as well as in Sweden … very unlikely to spend nine years in poverty, the corresponding risk for a child to a newly arrived immigrant from Turkey …