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Gender differences in risk aversion and ambiguity aversion
Borghans, Lex; Golsteyn, Bart H.H.; Heckman, James J.; … - 2009
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/10003808595
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A New Framework for the Analysis of Inequality
Cunha, Flavio - 2008
This paper presents a new framework for analyzing inequality that moves beyond the anonymity postulate. We estimate the determinants of sectoral choice and the joint distributions of outcomes across sectors. We determine which components of realized earnings variability are due to uncertainty...
Persistent link: https://www.econbiz.de/10012773658
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Inequality in human capital and endogenous credit constraints
Hai, Rong; Heckman, James J. - In: Review of economic dynamics 25 (2017), pp. 4-36
Persistent link: https://www.econbiz.de/10011893676
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Inequality in Human Capital and Endogenous Credit Constraints
Hai, Rong - 2018
This paper studies the determinants of inequality in human capital with particular emphasis on the role of the credit constraints. We develop and estimate a model in which individuals are subject to uninsured human capital risks and invest in education, acquire work experience, accumulate...
Persistent link: https://www.econbiz.de/10012936308
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Inequality in Human Capital and Endogenous Credit Constraints
Hai, Rong - 2017
This paper investigates the determinants of inequality in human capital with an emphasis on the role of the credit constraints. We develop and estimate a model in which individuals face uninsured human capital risks and invest in education, acquire work experience, accumulate assets and smooth...
Persistent link: https://www.econbiz.de/10012966600
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Inequality in Human Capital and Endogenous Credit Constraints
Hai, Rong - 2016
This paper investigates the determinants of inequality in human capital with an emphasis on the role of the credit constraints. We develop and estimate a model in which individuals face uninsured human capital risks and invest in education, acquire work experience, accumulate assets and smooth...
Persistent link: https://www.econbiz.de/10012455681
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Decomposing trends in inequality in earnings into forecastable and uncertain components
Cunha, Flávio; Heckman, James J. - In: Journal of labor economics 34 (2016) 2, pp. 31-65
Persistent link: https://www.econbiz.de/10011664522
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The evolution of inequality, heterogeneity and uncertainty in labor earnings in the US economy
Cunha, Flávio; Heckman, James J. - 2007
Persistent link: https://www.econbiz.de/10003574360
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The evolution of inequality, heterogeneity and uncertainty in labor earnings in the US economy
Cunha, Flávio (contributor); Heckman, James J. (contributor) - 2007
A large empirical literature documents a rise in wage inequality in the American economy. It is silent on whether the increase in inequality is due to greater heterogeneity in the components of earnings that are predictable by agents or whether it is due to greater uncertainty faced by agents....
Persistent link: https://www.econbiz.de/10003561658
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The Evolution of Inequality, Heterogeneity and Uncertainty in Labor Earnings in the U.S. Economy
Cunha, Flavio - 2009
A large empirical literature documents a rise in wage inequality in the American economy. It is silent on whether the increase in inequality is due to greater heterogeneity in the components of earnings that are predictable by agents or whether it is due to greater uncertainty faced by agents....
Persistent link: https://www.econbiz.de/10012721105