wealth accumulation in the presence of undiversifiable labor income risk. Households filter information about future expected …

along the (i) person-specific (age, health, labour income, wealth, preferences) and (ii) mortality risk-specific (beneficial …

offers two insights. First, with income disaster the equilibrium interest rate can be a decreasing function of the risk …We study the impact of income disaster-which can be triggered by various reasons such as pandemics and technological … aversion while the equity premium is an increasing function, helping to disentangle the risk-free rate puzzle from the equity …

the internal margin, i.e., the strength, of loss aversion, and empirically study the relation between income risk …-income population of Bogotá, characterized by limited financial education and subject to substantial income risk. In line with the … theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals …

is a function of the risk preference of the household head. This paper estimates the effect of parental risk preference … on child labour decisions in the household using recall information on child labour and a risk elicitation question. We … address endogeneity issues by applying an instrumental variable estimation technique. We find that risk-averse households are …

empirically study the relation between income risk, experimentally elicited loss aversion, and precautionary savings. We do so … subject to substantial income risk. In line with the theoretical predictions, we find that an increase in income risk is … aversion. An accompanying laboratory experiment confirms that an exogenous increase in income risk causally leads to this …

We assess the ability of different risk profiling measures to predict risk taking along a multi-stage decision process …. The latter involves decisions under ambiguity, decisions under risk, decisions after gaining experience and decisions … after receiving outcome information on previous decisions. We find that in all decisions risk taking can be predicted by …

We provide a microeconomic analysis of the incentive and welfare effects of idiosyncratic return risk. While most of … rate separates savers from borrowers. At the intensive margin, we identify restrictions on the agent's risk preferences for …