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-coded administrative wage data from the German IAB Employment Sample (IABS). We then relate these robust measures of earnings risk to the … risk attitudes of individuals working in these occupations. We find that willingness to take risk is positively correlated … with the wage dispersion of an individual's occupation. -- dispersion estimation ; earnings risk ; censoring ; quantile …
Persistent link: https://www.econbiz.de/10009534948
different groups are exposed to economic risk. As the ESI derives from a data-independent conceptual foundation, it can be …
Persistent link: https://www.econbiz.de/10009656083
The risk of default that business firms face is very significant and differs widely across countries. This paper … explores the links between countries' business conditions and international trade embedment and the default risk at the country … default risk of firms which operate in these environments. The predictions are in accord with readily available data. -- firm …
Persistent link: https://www.econbiz.de/10009232302
China's household saving rate has increased markedly since the mid-1990s and the agesaving profile has become U-shaped. Using a panel of urban Chinese households covering 1989-2006, we document a sharp increase in income uncertainty. While the permanent variance of household income was stable,...
Persistent link: https://www.econbiz.de/10009304386
and price of unsecured debt. -- household debt portfolios ; housing ; collateral ; bankruptcy ; commitment ; income risk …
Persistent link: https://www.econbiz.de/10009244090
investigation of the underlying mechanisms reveals that emotional attachment and intergenerational transmission of risk attitudes …
Persistent link: https://www.econbiz.de/10010204612
chairman and share of women in the boardroom) and firm's risk attitudes measured as variability in four firm outcome variables … (investments, profits, return to equity, and sales). Using a merged employer-employee panel sample of Danish companies with more … than 50 employees, we find extensive evidence of a negative association between female CEO and firm's risk attitudes. This …
Persistent link: https://www.econbiz.de/10010128850
A sizable literature has concluded that remittances impact the expenditure patterns of households. We explore how the uncertainty of remittance income inflows affects the accumulation of human, physical and financial assets of Mexican households, while accounting for the level of transfers from...
Persistent link: https://www.econbiz.de/10010250041
It is now a quarter of a century since the fall of the Berlin Wall and the gap in living standards between eastern and western Germany is still not fully closed. Admittedly, this could not realistically have been expected. Despite the increase in life satisfaction in eastern Germany, the...
Persistent link: https://www.econbiz.de/10010403443
We estimate the impact of the income earned in the host country on return migration of labor migrants from developing countries. We use a three-state correlated competing risks model to account for the strong dependence of labor market status and the income earned. Our analysis is based on...
Persistent link: https://www.econbiz.de/10010211160