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An Empirical Analysis of Risk Aversion and Income Growth
6 references·16 citing·55 second hop
An Empirical Analysis of Risk Aversion and Income Growth (1996)An Empirical Analysis of Risk Aversion an…Specific Capital, Mobility, and Wages: Wages Rise with Job Seniority (1990)Specific Capital, Mobility, a…The Employer Size-Wage Effect (1989)The Employer Size-Wage EffectPermanent and Temporary Components of Stock Prices (1988)Permanent and Temporary Compo…THE DEMAND FOR RISKY ASSETS (1977)THE DEMAND FOR RISKY ASSETSImplicit Contracts and Underemployment Equilibria (1975)Implicit Contracts and Undere…Optimum consumption and portfolio rules in a continuous-time model (1971)Optimum consumption and portf…Human Capital and Unemployment Dynamics: Why More Educated Workers Enjoy Greater Employment Stability (2016)Human Capital and Unemploymen…Health shocks and risk aversion (2016)Health shocks and risk aversi…The role of emotions on risk aversion: A Prospect Theory experiment (2014)The role of emotions on risk …THE RELATIONSHIP BETWEEN RELATIVE RISK AVERSION AND THE LEVEL OF EDUCATION: A SURVEY AND IMPLICATIONS FOR THE DEMAND FOR LIFE INSURANCE (2013)THE RELATIONSHIP BETWEEN RELA…Gender effects on risk‐taking of entrepreneurs: evidence from Bulgaria (2011)Gender effects on risk‐taking…Household Portfolios and Implicit Risk Preference (2010)Household Portfolios and Impl…Entrepreneurial Spirals: Deviation–Amplifying Loops of an Entrepreneurial Mindset and Organizational Culture (2009)Entrepreneurial Spirals: Devi…Organizational attractiveness is in the eye of the beholder: the interaction of demographic characteristics with foreignness (2006)Organizational attractiveness…Financial Risk Taking by Age and Birth Cohort (2006)Financial Risk Taking by Age …The Financial Risk Tolerance of Blacks, Hispanics and Whites (2005)The Financial Risk Tolerance …The short term effect of educational debt on job decisions (2004)The short term effect of educ…Where Job Values Come From: Family and Schooling Background, Cognitive Ability, and Gender (2003)Where Job Values Come From: F…The Brighter Side of Financial Risk: Financial Risk Tolerance and Wealth (2003)The Brighter Side of Financia…An exploratory investigation of the relation between risk tolerance scores and demographic characteristics (2003)An exploratory investigation …Investor Risk Tolerance: Testing The Efficacy Of Demographics As Differentiating and Classifying Factors (1997)Investor Risk Tolerance: Test…Moral Hazard and Risk Spreading in Partnerships (1995)Moral Hazard and Risk Spreadi…Criteria for Choice Among Risky Ventures (1959)An Intertemporal Capital Asset Pricing Model (1973)The Rationale of the Mean-Standard Deviation Analysis, Skewness Preference, and the Demand for Money (1989)Why do people pay taxes? 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(2009)The Framing of Decisions and the Psychology of Choice (1981)Prospect theory: An analysis of decision under risk (1988)An integrated model of risk and risk-reducing strategies (2005)Influence of Financial Literacy and Risk Perception on Choice of Investment (2016)Gender differences in financial risk tolerance (2017)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Horizontal Stratification of Higher Education in Russia: Trends, Gender Differences, and Labor Market Outcomes (2004)Family roles and work values: Processes of selection and change (2005)Cumulative Gender Disadvantage in Contract Employment (2009)Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education (1964)Job Matching and the Theory of Turnover (1979)Rank-Order Tournaments as Optimum Labor Contracts (1981)Mobility, Skills, and the Michigan Non-Compete Experiment (2009)OCCUPATIONAL SPECIFICITY OF HUMAN CAPITAL* (2009)How General Is Human Capital? A Task‐Based Approach (2010)Small business economics (1989)Peer Pressure and Partnerships (1992)Workers, Wages, and Technology (1997)
this work references cited by second hop

References

  • 1971Optimum consumption and portfolio rules in a continuous-time model5,966 cited
  • 1988Permanent and Temporary Components of Stock Prices3,036 cited
  • 1989The Employer Size-Wage Effect1,385 cited
  • 1975Implicit Contracts and Underemployment Equilibria1,263 cited
  • 1977THE DEMAND FOR RISKY ASSETS1,052 cited
  • 1990Specific Capital, Mobility, and Wages: Wages Rise with Job Seniority721 cited

Cited by

  • 1997Investor Risk Tolerance: Testing The Efficacy Of Demographics As Differentiating and Classifying Factors268 cited
  • 1995Moral Hazard and Risk Spreading in Partnerships233 cited
  • 2003Where Job Values Come From: Family and Schooling Background, Cognitive Ability, and Gender192 cited
  • 2009Entrepreneurial Spirals: Deviation–Amplifying Loops of an Entrepreneurial Mindset and Organizational Culture173 cited
  • 2006Financial Risk Taking by Age and Birth Cohort160 cited
  • 2013THE RELATIONSHIP BETWEEN RELATIVE RISK AVERSION AND THE LEVEL OF EDUCATION: A SURVEY AND IMPLICATIONS FOR THE DEMAND FOR LIFE INSURANCE146 cited
  • 2016Health shocks and risk aversion145 cited
  • 2016Human Capital and Unemployment Dynamics: Why More Educated Workers Enjoy Greater Employment Stability144 cited

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2003
An exploratory investigation of the relation between risk tolerance scores and demographic characteristics
141 cited
  • 2006Organizational attractiveness is in the eye of the beholder: the interaction of demographic characteristics with foreignness139 cited
  • 2010Household Portfolios and Implicit Risk Preference130 cited
  • 2004The short term effect of educational debt on job decisions114 cited
  • 2014The role of emotions on risk aversion: A Prospect Theory experiment111 cited
  • 2003The Brighter Side of Financial Risk: Financial Risk Tolerance and Wealth106 cited
  • 2005The Financial Risk Tolerance of Blacks, Hispanics and Whites104 cited
  • 2011Gender effects on risk‐taking of entrepreneurs: evidence from Bulgaria101 cited