-and-stingy. Using an experiment the authors find that both income-status and generosity-status concerns affect behavior. Furthermore …

This paper studies collective decision making with regard to convex risk measures: It addresses the question whether … there exist nondictatorial aggregation functions of convex risk measures satisfying Arrow-type rationality axioms (weak … universality, systematicity, Pareto principle). Herein, convex risk measures are identified with variational preferences on account …

ingredient is a wedge between the cost of borrowing and the risk-free investment return. Borrowing can either raise or lower … risk-free rate cannot simultaneously fit empirical evidence on borrowing and equity holdings. …

relatively small part of the welfare costs of labor income risk over the life cycle. …

that such exemption biases investment towards home equity. Here I test whether it also lowers investment in unprotected … response from households at higher risk of bankruptcy. Moreover, I do not confirm the evidence of a higher investment in home …

inattention when inflation is low. This suggests that there is indeed a risk of an acceleration in the increases in inflation …