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 oneś job reduces the … perceives the threat of job loss and is of a transitory nature. The change in stated risk attitude matches observable job …

examines the impact of education on both risk components. France faces a higher unemployment rate than West Germany, due to a … graduates face a higher risk of getting unemployed in Germany than in France. Concerning the reemployment prospects of the … higher risk of entering unemployment whereas the risk, when unemployed, of not getting reemployed is lower than in Germany …

examines the impact of education on both risk components. France faces a higher unemployment rate than West-Germany, due to a … graduates face a higher risk of getting unemployed in Germany than in France. Concerning the reemployment prospects of the … higher risk of entering unemployment whereas the risk, when unemployed, of not getting reemployed is lower than in Germany …

individual data from the European Community Household Panel, for France, Germany, and the UK. The empirical analysis is based on … France and Germany. The results indicate that in these two countries, which provide more generous benefits relative to the UK …