IDEAS/RePEc search

Found 2 results for '"Heterogeneity and Tests of Risk Sharing"', showing 1-2
IDEAS search now includes synonyms. If you feel that some synonyms are missing, you are welcome to suggest them for inclusion

1. Sam Schulhofer-Wohl (2011): Heterogeneity and Tests of Risk Sharing

   ---

   How well do people share risk? Standard risk-sharing regressions assume that any variation in households' risk preferences is uncorrelated with variation in the cyclicality of income. I combine administrative and survey data to show that this assumption is questionable: Risk-tolerant workers hold jobs in which earnings carry more aggregate risk. The correlation makes risk-sharing regressions in the previous literature too pessimistic.
   RePEc:ucp:jpolec:doi:10.1086/662720  Save to MyIDEAS
2. Sam Schulhofer-Wohl (2011): Heterogeneity and tests of risk sharing

   ---

   How well do people share risk? Standard risk-sharing regressions assume that any variation in households? risk preferences is uncorrelated with variation in the cyclicality of income. I combine administrative and survey data to show that this assumption is questionable: Risk-tolerant workers hold jobs where earnings carry more aggregate risk. The correlation makes risk-sharing regressions in the previous literature too pessimistic.
   RePEc:fip:fedmsr:462  Save to MyIDEAS