types of debt and financial assets held conditional on holding the different types of debt and assets. The analysis suggests … amounts of both debt (unsecured and secured) and assets (property and non-housing), even after conditioning on the probability …

boost TFP growth while external debt is actually negatively correlated with TFP growth. The negative relationship between … external debt liabilities and TFP growth is attenuated in economies with higher levels of financial development and better …

We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the …

virtually absent in labour economics text books. This paper documents the scope for risk, discusses the tough disentanglement of … heterogeneity and risk, surveys the analytical models, laments the absence of a good workhorse model and points out the challenges … worth tackling: document ex ante risk that investors face, develop a tractable and malleable analytical model and integrate …

This paper reconsiders the wide agreement that females are more risk averse than males providing a leap forward in its …

stereotype of risk averse and less competitive older employees. …

Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper … vocational high school. Accounting for risk does little to change this picture. By contrast, vocational high school is associated …

. Spouses have to choose between risky lotteries, first separately and then jointly. We find that spouses' individual risk …