attractive attracted under risk conditions. …

the internal margin, i.e., the strength, of loss aversion, and empirically study the relation between income risk …-income population of Bogotá, characterized by limited financial education and subject to substantial income risk. In line with the … theoretical predictions, we find that an increase in income risk is associated with higher savings for loss-averse individuals …

aversion. An accompanying laboratory experiment confirms that an exogenous increase in income risk causally leads to this … empirically study the relation between income risk, experimentally elicited loss aversion, and precautionary savings. We do so … subject to substantial income risk. In line with the theoretical predictions, we find that an increase in income risk is …

-varying volatility are preferred to the long-run risk model. We analyze asset pricing implications of the estimated models …

Are the effects of tax aversion on labor supply symmetric? In a real-effort online experiment, participants are exposed …