The purpose of this paper is to study the causes of unemployment empirically, using individual data and an approach that refines on that of Meyer and Wise. Using the French 1997 Labor Survey data, we decompose non-employment of married women into three components: voluntary, classical (due to...

Consider an agent facing a risky distribution of losses who can change this distribution by exerting some effort. Should be exert more effort when he becomes more risk-averse? For instance, should we expect more risk-averse drivers to drive more cautiously? In this paper, we give sufficient...

This paper presents a new simulated maximum-likelihood method that rests on estimating the likelihood nonparametrically on a simulated sample. We prove that this method, which can be used on very general models, is consistent and asymptotically efficient.

La proposition d'une economie de partage faite par Weitzman il y a dix ans pour reduire le chomage s'est heurtee a plusieurs objections serieuses. L'une des plus importantes etait que cette proposition conduisait a infliger aux employes un niveau de risque inacceptable. Cet article montre que le...

We investigate in this paper the attitudes towards risk of bettors in British horse races. The model we use allows us to go beyond the expected utility framework and to explore various alternative proposals by estimating a multinomial model on a 34443-race dataset. We find that rank-dependent...