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Risk Aversion and the Value of Risk to Life
Bommier, Antoine - 2015
risk neutrality with respect to life duration. To overpass this limitation, we extend the theory to a simple variety of … practice, we estimate, puts too little weight on mortality risk reduction of the young. Our correction exceeds in magnitude …
Persistent link: https://www.econbiz.de/10012707443
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Uncertainty, misallocation and the life-cycle growth of firms
Mäkynen, Eero; Vähämaa, Oskari - 2021
We develop a measure of static misallocation that separates uncertainty from misallocation generated by tax-like distortions. In the Finnish firm-level data, uncertainty accounts for the majority of ex post misallocation and explains a strong decreasing age-dependent trend in it. To understand...
Persistent link: https://www.econbiz.de/10012583062
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Life-cycle risk-taking with personal disaster risk
Bagliano, Fabio C.; Fugazza, Carolina; Nicodano, Giovanna - 2021
Persistent link: https://www.econbiz.de/10012583768
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Labor income risk, demographic risk, and the design of (wage-indexed) social security
Borgmann, Christoph - 2002
Persistent link: https://www.econbiz.de/10013268803
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Pareto optimal pension risk allocations
Muns, Sander; Werker, Bas J. M. - In: De economist : quarterly review of the Royal … 170 (2022) 1, pp. 133-172
Persistent link: https://www.econbiz.de/10013184164
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How Much Should Life-Cycle Investors Adapt their Behavior when Confronted with Model Uncertainty?
Shen, Sally - 2015
uncertainty aversion parameter, which measures the investor's preference for robustness using econometric theory. I derive a …
Persistent link: https://www.econbiz.de/10013033028
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Earnings, Consumption and Lifecycle Choices
Meghir, Costas - 2010
or the amount of information that consumers have are known and tests the implications of the theory. In general there is … a discussion of the literature that endogenize people's earnings and therefore change the nature of risk faced by …
Persistent link: https://www.econbiz.de/10013144744
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Marginal tax changes with risky investment
Macnamara, Patrick; Rossi, Raffaele; Pidkuyko, Myroslav - 2021
Persistent link: https://www.econbiz.de/10012792760
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Life-cycle risk-taking with personal disaster risk
Bagliano, Fabio C.; Fugazza, Carolina; Nicodano, Giovanna - 2021
or long-term unemployment, may occur during working years. Personal disaster risk alters lifetime ex-ante investment … characterizes rare disasters, results in lower risk-taking at the beginning of working life, and is crucial in order to match the …
Persistent link: https://www.econbiz.de/10012793436
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Optimal aging with uncertain death
Strulik, Holger - 2011
Persistent link: https://www.econbiz.de/10009739431