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We test 494 households participating in the German Socio Economic Panel SOEP to examine risk taking by one household member that affects a second household member. Choices cannot be explained by (short term) strategic behavior. Respect for the risk preference of the counterpart is at best...
Persistent link: https://www.econbiz.de/10012850782
The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...
Persistent link: https://www.econbiz.de/10010812036
The existing literature suggests that when the saving decision of two-earner households under risk is analysed, standard results on the existence of precautionary saving no longer apply: precautionary saving is obtained if and only if very stringent conditions hold. This paper shows that when...
Persistent link: https://www.econbiz.de/10011079148
In an attempt to examine the extent of risk faced by households under gender sensitive JFM programme in West Bengal, this study suggests that JFM programme could reduce more risk related hardship for JFM households by their increase (decrease) in time and income on forest (non-forest) related...
Persistent link: https://www.econbiz.de/10005052167
The budget constraint requires that, eventually, consumption must adjust fully to any permanent shock to income. Intuition suggests that, knowing this, optimizing agents will fully adjust their spending immediately upon experiencing a permanent shock. However, this paper shows that if consumers...
Persistent link: https://www.econbiz.de/10010303738
, increased length and strength of protective immunity from antibodies, and greater uncertainty about having had the virus …
Persistent link: https://www.econbiz.de/10012222271
, increased length and strength of protective immunity from antibodies, and greater uncertainty about having had the virus …
Persistent link: https://www.econbiz.de/10012227680
A micro decision-making utility model under uncertainty is presented as a complementary foundation for macro …
Persistent link: https://www.econbiz.de/10013269247
future utility when uncertainty increases over time. The more we know about the future welfare consequences of our (in …)actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting will …
Persistent link: https://www.econbiz.de/10010281940
Poverty involves both low income levels and high income uncertainty. Do both these dimensions of being poor capture … by farmers in Brazil: random payday variation affecting income levels, and rainfall shocks that affect income uncertainty …. We find that it is income uncertainty that systematically has adverse cognitive effects; low income levels affect only …
Persistent link: https://www.econbiz.de/10012166458