whether experiencing financial and health-related damage caused by storms affects risk preference of individuals in Germany …Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical … predictions and empirical studies suggest that risk taking may increase or decrease after experiencing shocks. So far the …

We investigate the accuracy of ex ante assessments of vulnerability to income poverty using cross-sectional data and … panel data. We use long-term panel data from Germany and apply different regression models, based on household covariates …. Estimates based on cross-sectional data are much less accurate than those based on panel data, but for Germany, the accuracy of …

Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model … to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the … household consumed permanently at the poverty line. The results indicate that vulnerability is very sensitive to the time …

occur in the economy. Applying this approach to investigate rank volatility in Germany and the US over three decades, we …

While exports within NAFTA face a lower hazard of ceasing, its onset has increased the hazard for Mexican and US intra … NAFTA exports. Intra NAFTA exports still enjoy a lower hazard relative to exports to non-members. While NAFTA did affect the … hazard for Canada's exports in the short run, its effect on Mexican and US exports is persistent. Exports of increasing …