In addition to discrimination, market power, and human capital, gender differences in risk preferences might also … contribute to observed gender wage gaps. We conduct laboratory experiments in which subjects choose between a risky (in terms of … more likely than men to select the secure job, and these job choices accounted for between 40% and 77% of the gender wage …

aversion. An accompanying laboratory experiment confirms that an exogenous increase in income risk causally leads to this …

The life-cycle theory of saving behavior (Modigliani, 1988) suggests that humans strive towards an equal intertemporal … distribution of wealth. However, behavioral life-cycle theory (Shefrin & Thaler, 1988) proposes that people use self control … heuristics to postpone wealth until later in life. According to this theory, people use a system of cognitive budgeting known as …