for individuals to prefer an uncertain payoff to a sure gain, and, thus, lower risk aversion. This paper found evidence of …

intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is …

We collect 1,021 estimates from 92 studies that use the consumption Euler equation to measure relative risk aversion … and that disentangle it from intertemporal substitution. We show that calibrations of risk aversion are typically larger … than estimates thereof. Moreover, reported estimates are typically larger than the underlying risk aversion because of …