This paper examines the effects of uncertainty and flexible labour contracts on the Research and Development (R …&D outlays. Moreover, as predicted by the real options theory, our results suggest that product market uncertainty reduces R …&D efforts and that flexible labour contracts countervail the adverse effect of uncertainty on R&D. …

This purpose of our paper is to explores the consequences of uncertainty on the remittances.These transfers are sent by … the presence of uncertainty transfers may be more important if the migrant families are prudent. …

The main purpose of this paper is to study the economic behavior of migrants under uncertainty . We show , in …

children remains risky. By focusing on uncertainty about the parental consumption during old age, we show that there exists a …

, and analyze exogenous and endogenous uncertainty. The first (or current) generation faces the problem of dividing …

relative to that of government employees before and after the reform provides a clean identification of income uncertainty that … occupational choices and we disentangle the effects of uncertainty from pessimistic outlook. We obtain evidence that precautionary …

Many news reports and economic experts talk about uncertainty. But what does the word mean in an economic context … concepts of risk and uncertainty, what the difference is between the two terms, and why their presence in the economy may have …

This paper documents a strong negative correlation between macroeconomic uncertainty and real GDP growth since the … between macroeconomic uncertainty and real GDP growth. To test that theory, we use a model where the ZLB occasionally binds …

uncertainty. We construct a notion of a model-uncertainty-induced utility function and show that model uncertainty increases …-Requejo (2000) to compute lower and upper good-deal bounds in the presence of model uncertainty. We illustrate the methodology using …