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Income in jeopardy : how losing employment affects the willingness to take risks

Hetschko, Clemens; Preuß, Malte - 2015

Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing one’s job reduces the willingness to take risks. This effect strengthens in...

Persistent link: https://www.econbiz.de/10011442282

Too old to work, too young to retire?

Ichino, Andrea; Schwerdt, Guido; Winter-Ebmer, Rudolf; … - 2013

We study whether employment prospects of old and young workers differ after a plant closure. Using Austrian administrative data, we show that old and young workers face similar displacement costs in terms of employment in the long-run, but old workers lose considerably more initially and gain...

Persistent link: https://www.econbiz.de/10010224747

Intergenerational scars: The impact of parental unemployment on individual health later in life

Ubaldi, Michele; Picchio, Matteo - 2023

This paper studies whether individuals that experienced parental unemployment during their childhood/early adolescence …. Our identification strategy of the causal effect of parental unemployment relied on plant closures as exogenous variation … of the individual labor market condition. We combined matching methods and parametric estimation to strengthen the causal …

Persistent link: https://www.econbiz.de/10014001742

Intergenerational scars: The impact of parental unemployment on individual health later in life

Ubaldi, Michele; Picchio, Matteo - 2023

Persistent link: https://www.econbiz.de/10014292527

Intergenerational Scars: The Impact of Parental Unemployment on Individual Health Later in Life

Ubaldi, Michele; Picchio, Matteo - 2023

Persistent link: https://www.econbiz.de/10014296847

Income in Jeopardy: How losing employment affects the willingness to take risks

Hetschko, Clemens; Preuss, Malte - 2015

Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing one´s job reduces the willingness to take risks. This effect strengthens in...

Persistent link: https://www.econbiz.de/10011405052

Parental Job Loss and Children's School Performance

Rege, Mari; Telle, Kjetil; Votruba, Mark - 2007

Using Norwegian register data we estimate how children's school performance is affected by their parents' exposure to plant closure. Fathers' exposure leads to a substantial decline in children's graduation-year grade point average, but only in municipalities with mediocre-performing job...

Persistent link: https://www.econbiz.de/10011968287

Income in jeopardy: How losing employment affects the willingness to take risks

Hetschko, Clemens; Preuss, Malte - 2015

Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing one's job reduces the willingness to take risks. This effect strengthens in...

Persistent link: https://www.econbiz.de/10011443148

Unlucky at work, unlucky in love: job loss and marital stability

Keldenich, Carina; Luecke, Christine - In: Review of Economics of the Household 20 (2020) 1, pp. 243-278

Persistent link: https://www.econbiz.de/10014504192

Wages and the risk of displacement

Carneiro, Anabela (contributor); Portugal, Pedro (contributor) - 2006

In this paper a simultaneous-equations model of firm closing and wage determination is developed in order to analyse how wages adjust to unfavorable shocks that raise the risk of displacement through firm closing, and to what extent a wage change affects the exit likelihood. Using a longitudinal...

Persistent link: https://www.econbiz.de/10003278902