risk sharing is one benefit to marriage it is also limited by divorce risk. With search in the marriage market there may be … multiple equilibria diering not only in divorce rates but also in the role of marriage in providing informal insurance …This paper considers family formation and reciprocity-based cooperation in the form of sharing of earnings-risk. While …

Lifestyle and risk — concepts that are today so commonplace and popular that we tend to take their meaning (and social … also a question of structure (class, culture or, indeed, regulatory environment); and, similarly, if risk is not just about … determining objects or incidents of risk but rather about establishing the societal and environmental contexts within which …

financial planners can use to help clients overcome behavioral hurdles.• Risk assessment questions that measure loss aversion … for certainty has been observed in advanced age and older defined contribution investors exhibit equity-varying risk … aversion, so client risk preferences should be reassessed later in life.• Clients face declining cognitive abilities over time …

We provide the first estimates of the impact of managers' risk preferences on their training allocation decisions. Our … conceptual framework links managers' risk preferences to firms' training decisions through the bonuses they expect to receive …. Risk-averse managers are expected to select workers with low turnover risk and invest in specific rather than general …

We provide the first estimates of the impact of managers' risk preferences on their training allocation decisions. Our … conceptual framework links managers' risk preferences to firms' training decisions through the bonuses they expect to receive …. Risk-averse managers are expected to select workers with low turnover risk and invest in specific rather than general …

This paper studies banks’ investment in risk management practices following the Global Financial Crisis and the advent … of stress testing. Banks that experienced greater losses during the Crisis exhibit stronger demand for risk management … performance on a test. Following this higher demand, banks exhibit lower systematic risk and lower profitability. While stress …

, we study the implications of the interaction between incentive compatibility and participation constraints for risk … endowment shock is small enough, the optimal contract prevents agents from reaching autarky tomorrow and, thus, from being …