Proportional Risk Aversion and Saving Decisions under Uncertainty

Georges Dionne (), Louis Eeckhoudt and Eric Briys

Chapter 4 in Risk, Information and Insurance, 1991, pp 67-87 from Springer

Abstract: Abstract In a recent article, Dionne and Eeckhoudt [1987] have shown that the concept of “proportional risk aversion” (presented in a 1984 paper by the same authors) is useful in studying the effect of increased wage rate uncertainty on labor supply either with or without taxation of labor income. One of the major conclusions of the analysis is precisely that “the effects under uncertainty critically depend upon the slope of the supply curve under certainty” (p. 354).

Keywords: Interest Rate; Risk Aversion; Labor Supply; Relative Risk Aversion; Absolute Risk Aversion (search for similar items in EconPapers)
Date: 1991
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Related works:
Working Paper: Proportional Risk Aversion and Saving Decisions Under Uncertainty (1989)
Working Paper: PROPORTIONAL RISK AVERSION AND SAVING DECISIONS UNDER UNCERTAINTY (1989)
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DOI: 10.1007/978-94-009-2183-2_4

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