conditional correlation model due to Engle (2002), we construct a time-varying, consumption-based measure of risk sharing. We find … evolution of risk sharing is rather heterogeneous across countries. -- dynamic conditional correlation ; consumption risk …This paper studies the dynamics of international consumption risk sharing among the G7 countries. Based on the dynamic …

conditional correlation model due to Engle (2002), we construct a time-varying, consumption-based measure of risk sharing. We find …This paper studies the dynamics of international consumption risk sharing among the G7 countries. Based on the dynamic … evolution of risk sharing is rather heterogeneous across countries. …

entrepreneurship is linked to personality traits with new evidence on the link between risk and time preference and self employment …Objectives: This study seeks to estimate whether individuals' risk and time preferences are predictive of self … employment status and entry. Prior Work: The low risk aversion of those who are self employed is well established in theory and …

The literature has so far focused on the risk-return tradeoff in equity markets and ignored alternative risky assets … risk in the foreign exchange market. The paper provides new evidence on the intertemporal capital asset pricing model by … using high-frequency intraday data on currency and by presenting significant time-variation in the risk aversion parameter …