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We consider the problem of the optimal use of a good whose consumption can produce damages in the future. Potential damages are proportional to the accumulated lifetimeconsumption of the good. Scientific progress is made over time that provides information on the distribution of the intensity of...
Persistent link: https://www.econbiz.de/10005486546
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10010984927
. This paper examines the determination of precautionary saving when people have access to intra-family risk sharing. I show …, risk sharing between risk averse spouses. The more altruistic the couple is, the closer is the solution to the efficient … one. Also welfare and savings effects from social insurance turn out to be sensitive to assumptions about family structure …
Persistent link: https://www.econbiz.de/10005669610
Persistent link: https://www.econbiz.de/10005780445
We examine in this paper the effect of an early resolution of uncertainty on savings. We show that this effect is in … resolution of uncertainty reduces current savings for various decision problem under uncertainty. …
Persistent link: https://www.econbiz.de/10005639379
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to … mass index, are less likely to save money and show worse conduct at school. Experimental measures for risk and ambiguity …
Persistent link: https://www.econbiz.de/10009364730
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10008805625
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10008774528
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …) and are less likely to save money. Experimental measures for risk and ambiguity attitudes are only weak predictors of …
Persistent link: https://www.econbiz.de/10008790095
This paper identifies a new sufficient condition for a prudent agent to have positive precautionary saving in the presence of labor income and interest rate risks of any size. We also provide three economic interpretations for this condition focusing respectively on the marginal effect of saving...
Persistent link: https://www.econbiz.de/10011263406