exogenous risk and delegation. That is, we show that only if exogenous risk is sufficiently large, the risk-neutral principal … may prefer to delegate authority over decisions to the risk-averse agent. Intuitively, for incentive reasons, the … principal may optimally want to allow the agent to reduce his risk exposure. Nevertheless, even endogenous risk may be higher …

in the type of degree studied can explain an additional 8.4% of the male-female pay gap. Risk-augmented earnings …

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …

wealth accumulation, their holdings of financial assets, and the relative risk in their chosen asset portfolios that have …

With ageing populations and a stronger reliance on individual financial decision-making concerning asset portfolios … changes in the early life economic environment on late life cognition. In European countries, about three to four economic …

's preferences in different choice domains, such as risk-taking or saving, and how preferences in different domains are related to …

' time and risk preferences. We find no influence on anchoring. However, even if biases are lower for people with higher …

status and the level of education of the head of the household both affect remittances. The decision to participate in the …