the internal margin, i.e., the strength, of loss aversion, and empirically study the relation between income risk …-income population of Bogotá, characterized by limited financial education and subject to substantial income risk. In line with the … theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals …

aversion. An accompanying laboratory experiment confirms that an exogenous increase in income risk causally leads to this … empirically study the relation between income risk, experimentally elicited loss aversion, and precautionary savings. We do so … subject to substantial income risk. In line with the theoretical predictions, we find that an increase in income risk is …

socioeconomic status, cognitive abilities and health problems influence portfolio choice and risk attitudes later in life. After ….e., transitioning from non-ownership to ownership). -- Portfolio Choice ; Childhood ; Socioeconomic Status ; Cognition ; Health … ; Financial Risk …

In this paper we utilise data from a unique new birth-cohort study to see how the risk preferences of young people are … entrance at age 18) has no effect on risk preferences measured at age 20. This is in contrast to experimental studies that use … between the impact of gender on risk attitudes and the hypothetical lottery investment suggests that impatience and framing …