Climate change poses significant risks due to rising frequency and severity of natural disasters. These disasters can disrupt education through school closures, infrastructure damage, financial stress, and health issues. This study assesses their impact on student achievement by combining US...

We analyze workers' risk preferences and training investments. Our conceptual framework differentiates between the investment risk and insurance mechanisms underpinning training decisions. Investment risk leads risk-averse workers to train less; they undertake more training if it insures them...

This paper extends standard models of work-related training by explicitly incorporating workers' locus of control into the investment decision. Our model both differentiates between general and specific training and accounts for the role of workers and firms in training decisions. Workers with...