This paper utilizes a thought experiment conducted by the Bank of Italy to estimate absolute and relative risk aversion along with absolute and relative prudence for a broad cross-section of Italian households. Upper and lower bounds are calculated for each parameter, and comparisons are made across socio-demographic groups. Evidence is found of decreasing absolute risk aversion, decreasing absolute prudence, increasing relative risk aversion, and increasing relative prudence.
Survey measures of risk aversion and prudence / Eisenhauer, Joseph G.; Ventura, Luigi. - In: APPLIED ECONOMICS. - ISSN 0003-6846. - 35:13(2003), pp. 1477-1484. [10.1080/0003684032000151287]
Survey measures of risk aversion and prudence
Ventura, Luigi
2003
Abstract
This paper utilizes a thought experiment conducted by the Bank of Italy to estimate absolute and relative risk aversion along with absolute and relative prudence for a broad cross-section of Italian households. Upper and lower bounds are calculated for each parameter, and comparisons are made across socio-demographic groups. Evidence is found of decreasing absolute risk aversion, decreasing absolute prudence, increasing relative risk aversion, and increasing relative prudence.| File | Dimensione | Formato | |
|---|---|---|---|
|
Eisenhauer_Survey_2003.pdf
solo gestori archivio
Tipologia:
Versione editoriale (versione pubblicata con il layout dell'editore)
Licenza:
Tutti i diritti riservati (All rights reserved)
Dimensione
97.95 kB
Formato
Adobe PDF
|
97.95 kB | Adobe PDF | Contatta l'autore |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
