this income shock. These results imply that income shocks could be a threat to the Universal Primary Education. …

In this study, we investigate the correlation between corruption risk and the level of education in European sub … addition, the results point out that the increasing level of education is associated with a decreasing level of corruption risk … educational attainment is associated with lower corruption risk and a higher level of control of corruption, indicating that …

This paper revisits the fit of disaster risk models where a representative agent has recursive preferences and the … probability of a macroeconomic disaster changes over time. We calibrate the model as in Wachter (2013) and perform two sets of … unit root interest rates and a puzzling ranking of volatilities between the risk free rate and the expected return on …

Individual risk preference may change after experiencing external socio-economic or natural shocks. Theoretical … predictions and empirical studies suggest that risk taking may increase or decrease after experiencing shocks. So far the … whether experiencing financial and health-related damage caused by storms affects risk preference of individuals in Germany …