of years spent in retirement" are characterized by constant or decreasing absolute risk aversion. A similar result …

more attractive for social insurance if a larger part of risk is realized in the first period of the life-cycle. Our …-age individuals. -- optimal capital taxation ; risk ; Atkinson-Stiglitz theorem …

. -- human capital investment ; education subsidies ; capital taxation ; risk ; social insurance …

find a quarter of students violated the order. Yet, neither risk preference, altruism, nor preexisting health conditions …

the literature on wage effects we add a breakdown of variances in heterogeneity and risk. …

explore the design of policy. The model highlights the critical roles played by (i) the relationship between behavioural risk … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …

Financial Crisis was associated with an increase in both risk aversion and ambiguity aversion, while the Dot-com Crisis only … affected risk aversion. …

identify an asymmetric information problem: borrowers signal low financial risk to banks who are uncertain about borrower risk …

role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk … aversion on IEA formation under no learning. Combining learning and risk aversion seems appropriate as the uncertainties …