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The increase in female employment and participation rates is one of the most dramatic economic changes to have taken place during the last century. However, while the employment rate of married women more than doubled during the last fifty years, that of unmarried women remained almost constant....
Persistent link: https://www.econbiz.de/10008527295
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 …
Persistent link: https://www.econbiz.de/10010761640
This paper reconsiders the wide agreement that females are more risk averse than males providing a leap forward in its …
Persistent link: https://www.econbiz.de/10010775114
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non-marginal stochastic jump processes. From the model analytics we determine that the average magnitude and frequency of non-marginal stochastic jump processes are the most important...
Persistent link: https://www.econbiz.de/10010791525
stereotype of risk averse and less competitive older employees. …
Persistent link: https://www.econbiz.de/10010884197
vocational high school. Accounting for risk does little to change this picture. By contrast, vocational high school is associated …Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper …
Persistent link: https://www.econbiz.de/10010960122
While there is little doubt that the probability of poor health increases with age, and that less healthy people face a more difficult situation on the labour market, the precise relationship between facing the risks of health deterioration and labour market instability is not well understood....
Persistent link: https://www.econbiz.de/10005012890
. Spouses have to choose between risky lotteries, first separately and then jointly. We find that spouses' individual risk …
Persistent link: https://www.econbiz.de/10005070428
We use two large Dutch datasets to estimate the Risk Augmented Mincer equation and test for risk compensation in … expected earnings. We replicate earlier findings of a positive premium for risk and a negative premium for skew and add … educations but obtain identical risk compensation. Among recent graduates, women receive higher risk compensation than men …
Persistent link: https://www.econbiz.de/10005761743
variance of exam grades is higher and that starting wages are lower if the skew is higher: employers shift quality risk to new …
Persistent link: https://www.econbiz.de/10005762071