Showing 1 - 10 of 423
located at the bottom of the income distribution, where risk aversion cannot play any role. …
Persistent link: https://www.econbiz.de/10012697782
domains; these include risk aversion, locus of control, alongside socio-economic and demographic characteristics. A greater … aversion to income inequality predicts a lower probability of voting for Leave, even when controlling for risk aversion and …
Persistent link: https://www.econbiz.de/10015107930
We develop a method to estimate domain-specific risk. We apply the method to sickness insurance by fitting a utility … risk aversion increases with income. Second, marginal utility is higher in the sick state conditional on income, due to an … observed fixed cost of sickness. Third, the domain-specificity of risk shifts the focus on the smoothing of utility, not …
Persistent link: https://www.econbiz.de/10011865458
chairman and share of women in the boardroom) and firm's risk attitudes measured as variability in four firm outcome variables … than 50 employees, we find extensive evidence of a negative association between female CEO and firm's risk attitudes. This … risk aversion profile and put more effort in monitoring firm activities than men in the financial matter domains. A number …
Persistent link: https://www.econbiz.de/10010128850
We investigate risk aversion as a driver of labour market discrimination against homosexual men. We show that more … hiring discrimination by more risk-averse employers is consistent with taste-based and statistical discrimination. To test … heterosexual or homosexual job candidate. In addition, participants are surveyed on their risk aversion and other characteristics …
Persistent link: https://www.econbiz.de/10011388337
An investor's choice between safe and risky assets has long been seen as a behavior toward risk: more risk … on how the attendant financial risk interacts with effort. We find that if the risk multiplies with effort, risk …-averse individuals work less, whereas under additive risk effort choice is little affected by risk preferences. Our findings complement …
Persistent link: https://www.econbiz.de/10011612830
employment and income, but increases financial hardship and financial risk aversion. These impacts are generally short …
Persistent link: https://www.econbiz.de/10012270890
Courts typically base compensation for loss of income in personal injury cases on either mean or median work income. Yet, quantatively, mean and median incomes are typically very different. For example, in the US median income is 65 percent of mean income. In this paper we use economic theory to...
Persistent link: https://www.econbiz.de/10012034365
We estimate the long-term effects of start-up subsidies (SUS) for the unemployed on subjective outcome indicators of well-being, as measured by the participants' satisfaction in different domains. This extends previous analyses of the current German SUS program ("Gründungszuschuss") that...
Persistent link: https://www.econbiz.de/10012136864
Teams are becoming increasingly important in work settings. We develop a framework to study the strategic implications of a meritocratic notion of desert under which team members care about receiving what they feel they deserve. Team members find it painful to receive less than their perceived...
Persistent link: https://www.econbiz.de/10010404035