In this paper, we conduct an empirical study of how uncertainty alters fertility behavior. The precautionary motive for … saving predicts that an increase in income uncertainty increases saving by reducing both consumption and fertility. We … examine this prediction using a new measure of economic uncertainty, the World Uncertainty Index and focus on data from 126 …

In this paper, we conduct an empirical study of how uncertainty alters fertility behavior. The precautionary motive for … saving predicts that an increase in income uncertainty increases saving by reducing both consumption and fertility. We … examine this prediction using a new measure of economic uncertainty, the World Uncertainty Index and focus on data from 126 …

, decision makers can be biased, display aversion to prior uncertainty, and thus tend to select choices that are familiar (i … risk-averse investors who select risky projects in an environment characterized by epistemic uncertainty (risk …