if the variance of exam grades is higher and higher if the skew is higher: employers shift the cost of productivity risk … to new hires, but pay for the opportunity to catch a really good worker. Estimating the extent of risk cost sharing …

risk aversion. We find that risk aversion indeed falls with income and wealth. Entrepreneurs are less risk averse than … employees, civil servants are more risk averse than private sector employees, and women are more risk averse than men. A simple … lottery question appears a promising survey instrument to explore risk attitude and its relation to personal characteristics …

variance of exam grades is higher and that starting wages are lower if the skew is higher: employers shift quality risk to new …

We ask individuals for their reservation price of a specified lottery and deduce their Arrow-Pratt measure of risk … aversion. This allows direct testing of common hy-poth-eses on risk atti-tudes in three datasets. We find that risk aversion … indeed falls with income and wealth. Entre-preneurs are less risk averse than employees, civil servants are more risk averse …

We ask individuals for their reservation price of a specified lotteryand deduce their Arrow-Pratt measure of risk … aversion.This allows direct testing of common hypotheses on risk attitudes inthree datasets. We find that risk aversion indeed … fallswith income and wealth. Entrepreneurs are less risk averse thanemployees, civil servants are more risk averse thanprivate …

Utility theory suggests that foreseeable risk should increase the compensation for work. This paper expands on this … notion: on basis of utility theory, people should care not only about risk but also about the skewness in the distribution of … the compensation paid. In particular, because the degree of risk aversion ought to decrease with income, people should …