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Why Are Educated and Risk-Loving Persons More Mobile Across Regions?
migration culture distance human capital risk attitudes
2012/10/22
Why are better educated and more risk-friendly persons more mobile across regions? To answer this question, we use micro data on internal migrants from the German Socio- Economic Panel (SOEP) 2000-200...
Risk-Taking Behavior in the Wake of Natural Disasters
natural disasters risk aversion development
2012/10/23
We study whether natural disasters affect risk-taking behavior exploiting geographic variation in exposure to natural disasters. We conduct standard risk games (using real money) with randomly selecte...
Risk, Balanced Skills and Entrepreneurship
entrepreneurship jack-of-all-trades risk human capital occupational choice
2012/10/18
This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more likely to become entrepreneurs. By not having taken this possible linkage into acco...
Experts in Experiments: How Selection Matters for Estimated Distributions of Risk Preferences
risk aversion loss aversion internet surveys laboratory experiments
2012/10/31
An ever increasing number of experiments attempts to elicit risk preferences of a population of interest with the aim of calibrating parameters used in economic models. We are concerned with two types...
Risk, Institutions and Growth: Why England and Not China?
institutions risk growth development
2012/10/31
We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual-level risk-taking in pursuing productivity-enhancing activities including using and...
Incentive Effects of Risk Pooling, Redistributive and Savings Arrangements in Unemployment Benefit Systems: Evidence from a Job-Search Model for Brazil
social protection unemployment insurance labor market transitions job-search models structural estimations
2012/11/1
We develop a model of job search and use it to assess the effects that the Brazilian unemployment benefit system has on exit rates from unemployment. In our setup, unemployed workers receive job offer...
Is There Selection Bias in Laboratory Experiments? The Case of Social and Risk Preferences
selection bias laboratory experiments external validity social preferences risk preferences
2012/11/1
Laboratory experiments are frequently used to examine the nature of individual preferences and inform economic theory. However, it is unknown whether the preferences of volunteer participants are repr...
Unobserved Heterogeneity and Risk in Wage Variance: Does Schooling Provide Earnings Insurance?
wage inequality wage uncertainty unobserved heterogeneity selectivity education replication
2012/11/1
We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We replicate the original study on US men and extend to US women, UK men and German men. ...
The Optimal Dole with Risk Aversion and Job Destruction
Optimal Dole Risk Aversion Job Destruction
2009/11/5
This paper extends earlier research on optimal unemployment insurance (UI) by developing an equilibrium search model that encompasses simultaneously several theoretical and institutional features that...