Using the relaxation of last-in-first-out (LIFO) seniority rule in Sweden as an exogenous shock to unemployment risks …, we show that employees facing increased unemployment risks are more likely to become entrepreneurs. The effect is more … performance of their ventures, we find the entrepreneurs who were exposed to more unemployment risks are better-off financially in …

We provide empirical evidence that uncertainty (rather than risk) and optimism are distinctive characteristics of high …

, particularly when households have few liquid assets. Motivated by these findings, I embed endogenous unemployment risk in a two … for aggregate shocks due to a flight-to-liquidity that occurs when unemployment risk rises. This mechanism implies that …In this paper, I show that the decline in household consumption during unemployment spells depends on both liquid and …

the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that … uncertainty shocks measured by stock market volatility have a significant impact on the U.S. unemployment rate. We then develop a …

the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that … uncertainty shocks measured by stock market volatility have a significant impact on the U.S. unemployment rate. We then develop a …

wage and unemployment duration. We consider a model of household job search in which the outcomes of bargaining are … unemployment duration: the more the husband earns, the longer the wife searches for a job; whereas the more the wife earns, the … sooner the husband finds a job. Secondly, an increase of $100 in unemployment insurance (UI) per month lowers employment rate …

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … standard measure of risk tolerance. We find that wealthy individuals are more likely to be entrepreneurs and invest a larger … ways strongly determined by individual risk tolerance. Since the wealthy dominate aggregate risky investment, their risk …

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … standard measure of risk tolerance. We find that wealthy individuals are more likely to be entrepreneurs and invest a larger … ways strongly determined by individual risk tolerance. Since the wealthy dominate aggregate risky investment, their risk …

This paper investigates the impact of risk attitudes on the decision to become an entrepreneur. In contrast to previous … variation in risk aversion the early exposure to a massive earthquake. Using several waves of the Bank of Italy Survey of … Household Income and Wealth (SHIW), we find that individuals experiencing an earthquake become significantly more risk averse …