I show that individuals whose unemployment risk tends to increase more when local home prices fall optimally invest …

, including a push for homeownership as the normalized tenure and a commodity unto itself. Scholars suggest this push for … homeownership is part and parcel of a neoliberal asset-based welfare to supplement, or even outright replace, traditionally defined … benefit pension schemes. These policies individualize risk and re-fashion individual citizens as long-term financial planners …

: homeownership. The 1999 rise in the French Delalande tax on firms that laid off older workers produced an unexpected exogenous rise …

This paper reports survey evidence on long-term care (LTC) risk misperceptions and demand for long-term care insurance … (LTCI) in Canada. LTC risk misperceptions is divided into three different risks: needing help for at least one activity of …. We then study how risk misperceptions correlate with individual characteristics, and evaluate how misperceptions affect …

This paper measures risk in the present value of workers’ remaining lifetime earnings. Building upon a common earnings … risk is only moderately correlated with those annual risks and is a much stronger predictor of several major life decisions …. Unlike annual risk, it is often larger for relatively affluent groups. It also has many other covariates, including …

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 …

In this paper we study the neoclassical growth model with idiosyncratic income risk and aggregate risk in which risk … pay off depending on both idiosyncratic and aggregate risk, but limited commitment rules out that households sell these … conditions under which it has lower/higher risk premia than the corresponding representative agent version of the model …