Our paper represents the first attempt in the literature to estimate the properties of business income risk from … privately held businesses in the US. Using a new, large, and confidential panel of US income tax returns for the period 1987 …-2009, we extensively document the empirical stylized facts about the evolution of various business income risk measures over …

uncertainty about future income triggers saving because of loss aversion. We extend their theoretical analysis to also consider … the internal margin, i.e., the strength, of loss aversion, and empirically study the relation between income risk …, experimentally elicited loss aversion and precautionary savings. We do so using a sample of 640 individuals from the low-income …

uncertainty about future income triggers saving because of loss aversion. We extend their theoretical analysis to also consider … the internal margin, i.e., the strength, of loss aversion, and empirically study the relation between income risk …, experimentally elicited loss aversion and precautionary savings. We do so using a sample of 640 individuals from the low-income …

This paper empirically examines the behavioral precautionary saving hypothesis that uncertainty about future income … empirically study the relation between income risk, experimentally elicited loss aversion, and precautionary savings. We do so … using a sample of 640 individuals from the low-income population of Bogotá, characterized by limited financial education and …