in Germany. We apply an instrumental variables approach that has not yet been used in the intergenerational context. For …

occur in the economy. Applying this approach to investigate rank volatility in Germany and the US over three decades, we …

Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk … attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing one’s job reduces the … perceives the threat of job loss and is of a transitory nature. The change in stated risk attitude matches observable job …

2001-2012. We estimate dynamic labor supply equations augmented with a measure of wage risk. Our results show that married … wage risk as the median civil servant, their hours of work would reduce by 4%. …

panel data. We use long-term panel data from Germany and apply different regression models, based on household covariates …. Estimates based on cross-sectional data are much less accurate than those based on panel data, but for Germany, the accuracy of …