Risk Aversion at the Country Level

This article estimates the coefficient of relative risk aversion for 75 countries using data on self-reports of personal well-being from the 2006 Gallup World Poll. The analysis suggests that the coefficient of relative risk aversion varies closely around 1, which corresponds to a logarithmic utility function. The authors conclude that their results support the use of the log utility function in numerical simulations of economic models

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Year of publication:	2019
Authors:	Gandelman, Nestor
Other Persons:	Hernández-Murillo, Rubén (contributor)
Publisher:	[2019]: [S.l.] : SSRN
Subject:	Risikoaversion \| Risk aversion \| Risiko \| Risk \| Welt \| World

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Extent:	1 Online-Ressource (14 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Review, Vol. 97, Issue 1, pp. 53-66, 2015 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2015 erstellt
Classification:	D31 - Personal Income, Wealth and Their Distributions ; D80 - Information and Uncertainty. General ; I31 - General Welfare; Basic Needs; Quality of Life ; O57 - Comparative Studies of Countries
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012904089