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This paper considers family formation and reciprocity-based cooperation in the form of sharing of earnings-risk. While … risk sharing is one benefit to marriage it is also limited by divorce risk. With search in the marriage market there may be …
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To effectively cope with an unexpected, large, and negative income shock, I propose a life-cycle model for income risk … generalizing the Arrow-Debreu price with income risk premium …
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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 …
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