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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 oneś job reduces the … perceives the threat of job loss and is of a transitory nature. The change in stated risk attitude matches observable job …
Persistent link: https://www.econbiz.de/10011405097
-coded administrative wage data from the German IAB Employment Sample (IABS). We then relate these robust measures of earnings risk to the … risk attitudes of individuals working in these occupations. We find that willingness to take risk is positively correlated …
Persistent link: https://www.econbiz.de/10009775634
-coded administrative wage data from the German IAB Employment Sample (IABS). We then relate these robust measures of earnings risk to the … risk attitudes of individuals working in these occupations. We find that willingness to take risk is positively correlated …
Persistent link: https://www.econbiz.de/10012293101
2012 and 2014, each among more than 6,000 German households, we analyze the determinants of individual risk perception … associated with three kinds of natural hazards: heat waves, storms, and floods. Our focus is on the role of objective risk … are strong drivers of individual risk perception. …
Persistent link: https://www.econbiz.de/10011608005
earnings deter risk-averse individuals. In this paper I analyse the expected value and variance of income in self …-employment entry and exit under risk are estimated, which include a standard risk aversion parameter. The model predicts that the …
Persistent link: https://www.econbiz.de/10014220108
This study analyzes the relationship of individual risk attitudes and occupational sorting with respect to occupational … earnings risk. By using the German Mikrozensus, a precise measure for earnings risk is computed as the occupation-wide standard … deviation of wages. Following the procedure proposed by Bonin (2007), this earnings risk measure is used as dependent variable …
Persistent link: https://www.econbiz.de/10013142750
earnings deter risk-averse individuals. In this paper I analyse the expected value and variance of income in self …-employment entry and exit under risk are estimated, which include a standard risk aversion parameter. The model predicts that the …
Persistent link: https://www.econbiz.de/10011630018
Persistent link: https://www.econbiz.de/10003939305
European countries (Denmark, France, Italy, Netherlands, Spain, Sweden and the United Kingdom) for 31 unique products, falling …
Persistent link: https://www.econbiz.de/10014075549
the US. We find that industrial firms in Germany invest 11.6% of their financial assets in noncash and risky assets. Value …
Persistent link: https://www.econbiz.de/10012490916