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Scarring or Scaring? The Psychological Impact of Past Unemployment and Future Unemployment Risk

Knabe, Andreas - 2008

We reassess the quot;scarringquot; hypothesis by Clark et al. (2001), which states that unemployment experienced in the past reduces a person's current life satisfaction even after the person has become reemployed. Our results suggest that the scar from past unemployment operates via worsened...

Persistent link: https://www.econbiz.de/10012768534

Measuring Income Risk

Gardiner, Karen - 2008

We provide a critique of the methods that have been used to derive measures of income risk and draw attention to the … importance of demographic factors as a source of income risk. We also propose new measures of the contribution to total income … risk of demographic and labour market factors. Empirical evidence supporting our arguments is provided using data from the …

Persistent link: https://www.econbiz.de/10012771288

CECL and IFRS9 expected credit loss estimation in uncertain economic environments

Sobehart, Jorge R. - In: Journal of risk management in financial institutions 14 (2020/2021) 4, pp. 367-380

Persistent link: https://www.econbiz.de/10012818414

Inflationary household uncertainty shocks

Ambrocio, Gene - 2022

I construct a novel measure of household uncertainty based on survey data for European countries. I show that household uncertainty shocks do not universally behave like negative demand shocks. Notably, household uncertainty shocks are largely inflationary in Europe. Further analysis, including...

Persistent link: https://www.econbiz.de/10012818726

Uncertainty, Imperfect Information, and Expectation Formation Over the Firms's Life Cycle

Chen, Cheng - 2020

Using a long-panel dataset of Japanese firms that contains firm-level sales forecasts, we provide evidence on firm-level uncertainty and imperfect information over their life cycle. We find that firms make non-negligible and positively correlated forecast errors. However, they make more precise...

Persistent link: https://www.econbiz.de/10012826001

Modelling the Expected Probability of Correct Assignment Under Uncertainty

Dvir, Tom - 2020

When making important decisions such as choosing health insurance or a school, people are often uncertain what levels of attributes will suit their true preference. After choice, they might realize that their uncertainty resulted in a mismatch: choosing a sub-optimal alternative, while another...

Persistent link: https://www.econbiz.de/10012826317

Risk, Return, and Inflation Expectations

Dossani, Asad - 2019

This paper asks how inflation shocks affect the risk and return characteristics of different asset classes. For an …

Persistent link: https://www.econbiz.de/10012865116

Optimal Expected Utility Risk Measures

Geissel, Sebastian - 2017

This paper introduces optimal expected utility (OEU) risk measures, investigates their main properties and puts them in … perspective to alternative risk measures and notions of certainty equivalents. Taking the investor's point of view, OEU maximizes …, OEU is the only existing utility-based risk measure that is (non-trivial and) coherent if the utility function u has …

Persistent link: https://www.econbiz.de/10012971142

Recovering Longevity Expectations from Subjective Survival Probabilities : Uncertainty Matters

Lehmensiek-Starke, Moritz - 2016

According to economic theory, subjective longevity expectations should shape individual decision making regarding …

Persistent link: https://www.econbiz.de/10012978763

Monetary Policy, Heterogeneous Expectations and Uncertainty

Tsenova, Tsvetomira - 2016

This paper shows that monetary policy does and should respond systematically to time variation in ex-ante uncertainty and heterogeneity in private sector's views over the business cycle. Empirical tests are initially conducted on the basis of an augmented forward-looking Taylor rule framework,...

Persistent link: https://www.econbiz.de/10013004536