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The literature has mixed results on how formal insurance affects informal risk sharing. Whether such effect is motivated extrinsically or intrinsically also remains unclear. We design a lab experiment in which formal insurance is introduced and removed unexpected and the insurance purchase...
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The literature suggests that the household invests in the human capital of a child member not only for altruistic reasons but also as insurance against future income shocks. Hence, the allocation of the child's time between school and work is a function of the risk preference of the household...
Persistent link: https://www.econbiz.de/10012200935
With heightened uncertainties and moderating global and Western European growth and oil prices, and volatile capital flows, Russia is likely to grow by 4.2 percent in 2010, followed by 4.5 percent in 2011 and 3.5 percent in 2012 as domestic demand expands in line with gradual improvements in the...
Persistent link: https://www.econbiz.de/10013127400
This paper uses unique experimental data from a youth training program in the Favelas, Brazil, to examine whether youth training programs can prevent treatment recipients from engaging in risk behavior-i.e., cigarettes, alcohol, and hard drug utilization, as well as witnessing or being a victim...
Persistent link: https://www.econbiz.de/10011655794
After the crisis of 2001, Argentina has shown a positive economic development. Between 2003 and 2011, Argentina had a … indicators. Poverty decreased to 13.9% in 2013 and inequality reduced to 0.406 in 2017 according to the Gini Index. Despite the …
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potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to …Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …
Persistent link: https://www.econbiz.de/10010467858
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