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Risk aversion, wealth, and background risk

Guiso, Luigi (contributor); Paiella, Monica (contributor) - 2007

Persistent link: https://www.econbiz.de/10003648223

Risk aversion, wealth, and background risk

Guiso, Luigi; Paiella, Monica - In: Journal of the European Economic Association 6 (2008) 6, pp. 1109-1150

Persistent link: https://www.econbiz.de/10003793732

Do capital gains affect consumption? : estimates of wealth effects from Italian houshold's behavior

Guiso, Luigi; Paiella, Monica; Visco, Ignazio - In: Long-run growth and short-run stabilization : essays in …, (pp. 46-82). 2006

Persistent link: https://www.econbiz.de/10003373921

The role of risk aversion in predicting individual behavior

Guiso, Luigi; Paiella, Monica - In: Competitive failures in insurance markets : theory and …, (pp. 213-249). 2006

Persistent link: https://www.econbiz.de/10003388567

Risk Aversion, Wealth and Background Risk

Guiso, Luigi; Paiella, Monica - 2001

We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a consumer is willing to pay to enter a lottery. We relate this measure to consumers' endowment and attributes and to measures of background risk. We find that risk aversion is a...

Persistent link: https://www.econbiz.de/10014134515