Risk Aversion at the Country Level

“the effect of risk aversion on the demand for life insurance: the case of iranian life insurance market”

abstract: about 60% of total premium of insurance industry is pertained?to life policies in the world; while the life insurance total premium in iran is less than 6% of total premium in insurance industry in 2008 (sigma, no 3/2009). among the reasons that discourage the life insurance industry is the problem of adverse selection. adverse selection theory describes a situation where the inf...

Value-at-Risk for country risk ratings

A Cross-Country Analysis of the Risk Factors for Depression at the Micro and Macro Level

Past research has provided evidence of the role of some personal characteristics as risk factors for depression. However, few studies have examined jointly their specific impact and whether country characteristics change the probability of being depressed. In general, this is due to the use of single-country databases. The aim of this paper is to extend previous findings by employing a much lar...

Inequality aversion and risk aversion

This note shows that for two inequality averse social welfare functions, if one is more inequality averse than the other, the household preference induced by optimally allocating aggregate bundles according to this social welfare function is more risk averse than the other. We present examples showing that this comparative static can be reversed if inequality aversion is dropped. We show that t...

On the creative climate and innovativeness at the country level*

The paper presents an explorative study on creative climate and innovativeness at the county level in the EU27. We explored a possibility to extend the Ekvall’s concept of creative climate for innovativeness from the level of individual organization to the national level. The main research goal was to identify fragments of national creative climate and to prove its relation to innovativeness. A...