it is due to greater uncertainty faced by agents. Applying the methodology of Cunha, Heckman, and Navarro (2005) to data … predictable and unpredictable components of earnings have increased in recent years. The increase in uncertainty is substantially … greater for unskilled workers. For less skilled workers, roughly 60% of the increase in wage variability is due to uncertainty …

This paper analyses the savings behaviour of natives and immigrants in Germany. It is argued that uncertainty about …

A theory of choice under uncertainty is proposed which removes the completeness assumption from the Anscombe … rigorous expression to Frank Knight's distinction between risk and uncertainty. …

potentially applicable uncertainty discount and discuss difficulties that might arise in empirical use. We insist that the … variance in historical crop yields across geographical areas is used to derive a proxy variance for forming an uncertainty … discount for carbon projects. Application of our approach suggests that project level uncertainty discounts would be 15–20 …

when issues of ensuring adequate supplies have surfaced. In the paper, an estimate of the costs of keeping stocks is … provided, and the costs are quite staggering. Based on the statistical analysis an estimate of the number and volume of acute … independent of politics, and the financing and replenishing of the fund must be automatic. The advantages are that a lot of costs …