over-indebtedness, poverty and financial vulnerability. We also simulate two potential policy reforms which address these … the poverty framework, while also taking into account the (potential) leverage by assets. We focus on a case study of … two main risk factors. …

We use a series of field experiments in the Palestinian Territories to explore the impact of exposure to shocks on risk … shocks to changes in behaviour. Our evidence suggests that observed differences in risk and ambiguity are not the result of … affects preferences: people in isolated communities are significantly more risk-tolerant and ambiguity-averse than people who …

for employment decisions. Hence plants do not freeze in response to uncertainty shocks. To explain our findings, we … of unexpected uncertainty increase, plants reduce their employment size in order to decrease the default risk that arises …

We analyze spectral risk measures with respect to comparative risk aversion following Arrow (1965) and Pratt (1964) on … widely-applied spectral Arrow-Pratt-measure is not a consistent measure of Arrow-Pratt-risk aversion. A decision maker with a … decision maker with a smaller spectral Arrow-Pratt-measure. We further show how a proper measure of Arrow-Pratt-risk aversion …

riskiness to continuous random variables. For many continuous random variables, the risk measure is equal to the worst-case risk … measure, i.e. the maximal possible loss incurred by that gamble. We also extend the Foster-Hart risk measure to dynamic …

receive less attention. Yet, a popular argument for a federal minimum wage in Germany is that it will prevent in-work poverty …

important as mechanisms of risk sharing and income redistribution. We argue that migration and remittances have the potential to …