Considering a consumer with standard preferences, I trace out the consequences for risk aversion and prudence of … changing risk aversion/prudence effect. Next, I calibrate locally both effects on relative risk aversion and prudence, using … estimates on household demand for durables and labour supply. Finally, I performa global numerical analysis of these effects. I …

Considering a consumer with standard preferences, I trace out the consequences for risk aversion and prudence of … changing risk aversion/prudence effect. Next, I calibrate locally both effects on relative risk aversion and prudence, using … estimates on household demand for durables and labour supply. Finally, I perform a global numerical analysis of these effects. I …

of quantity constraints on product markets for the consumer’s aversion towards income risk. I show that the effect can be … decomposed in a cardinal and ordinal term, that both terms may add up to a non-linear effct on the coefficient of relative risk … aversion, and that a severely rationed consumer may even become less risk averse then when unconstrained. …

household members make consumption and labour supply decisions. This work sheds light on how unemployment risk may affect the … spouses in a household context. As the replacement ratio is rarely above 50%, becoming unemployed has serious consequences on … an individual’s consumption, savings and wealth. The risk of losing the job is shown to be a pertinent consideration when …

As in any research field, risk theory has its important questions, results, and paradoxes, as well as its seminal … papers and key authors. Louis Eeckhoudt has been a key author in the field of risk theory. To celebrate his many … contributions and continue the development of theories of decision making under risk, the Toulouse School of Economics hosted “Risk …

As in any research field, risk theory has its important questions, results, and paradoxes, as well as its seminal … papers and key authors. Louis Eeckhoudt has been a key author in the field of risk theory. To celebrate his many … contributions and continue the development of theories of decision making under risk, the Toulouse School of Economics hosted “Risk …