How does risk affect saving? Empirical work typically examines the effects of detectible differences in risk within the … data. How these differences affect saving in theoretical models depends on the metric one uses for risk. For labor …-income risk, second-degree increases in risk require prudence to induce increased saving demand. However, prudence is not …

literature that, when there is (only) risk type uncertainty, the optimal GR contract with renewal price set at the actuarially … fair price for low risk types provides full insurance against reclassification risk. We develop a model that includes … unpredictable (and unobservable) fluctuations in demand for life insurance as well as changes in risk type (observable) over …

indicate that wealth taxes are particularly harmful for specific classes of investments, for example low-risk investments …, preceding analyses of the economic and particularly investment effects are necessary. As investments drive job creation, tax … effects (accelerated investment due to higher wealth tax rates) are more likely for low interest rates and for high-risk …

investor to hold out. This model shows that the investment decision is based on the portfolio structure, risk aversion and …

In higher education, pure credit market funding leads to underinvestment due to insufficient risk pooling, while pure …