Showing 1 - 10 of 246
We quantify and study state-level economic policy uncertainty. Tapping digital archives for nearly 3,500 local newspapers, we construct three monthly indexes for each state: one that captures state and local sources of policy uncertainty (ΕPU-S), one that captures national and international...
Persistent link: https://www.econbiz.de/10014083791
national security as of March 2022. Fourth, firm-level risk perceptions skewed heavily to the downside in spring 2020 but …
Persistent link: https://www.econbiz.de/10013406440
This paper examines whether risk-taking in a lottery depends on the opportunity to respond to the lottery outcome …/or extra labor effort. We find strong evidence that ex-post access to labor opportunities reduces ex-ante risk willingness … while access to tax evasion has no effect on risk behavior. We discuss possible explanations for this result based on the …
Persistent link: https://www.econbiz.de/10013059678
This paper considers an economy where individuals differ in productivity and in risk. Rochet (1991) has shown that when … private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and … violated for the old age dependency risk (mainly because longevity in turn is positively correlated with productivity). We …
Persistent link: https://www.econbiz.de/10013001310
This paper analyzes the optimal response of the social insurance system to a rise in labor market risk. To this end, we … develop a tractable macroeconomic model with risk-free physical capital, risky human capital (labor market risk) and … (human capital) risk increases social welfare if the government adjusts the tax-and-transfer system optimally. Finally, we …
Persistent link: https://www.econbiz.de/10012870444
We analyze optimal taxation of labor and capital income in a life-cycle framework with idiosyncratic income risk. We … independent of the social welfare function and determined by the degree of income risk and risk aversion. The optimal linear …
Persistent link: https://www.econbiz.de/10013016371
We study the role of risk aversion underlying son preference in patriarchal societies, where sons serve as better …, prior to the birth of their children, more risk-averse parents have a stronger preference for sons than for daughters …. Second, after the birth of their children, parents with sons are more risk seeking, compared to parents with daughters. We …
Persistent link: https://www.econbiz.de/10012963852
Single-sex classes within coeducational environments are likely to modify students' risk-taking attitudes in …
Persistent link: https://www.econbiz.de/10013118042
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10013118774
In this paper we utilise data from a unique new birth‐cohort study to see how the risk preferences of young people are … entrance at age 18) has no effect on risk preferences measured at age 20. This is in contrast to experimental studies that use … between the impact of gender on risk attitudes and the hypothetical lottery investment suggests that impatience and framing …
Persistent link: https://www.econbiz.de/10013097868