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Cari koleksi dengan cepat sesuai kebutuhan Anda.Why should developing countries buy expensive catastrophe (CAT) insurance? Abstracting from risk aversion or hedging motives, we find that insurance may have a catalytic role on external finance. Such effect is particularly strong in those low- to middle-income countries that face financial constraints when hit by a shock or in its anticipation. Insurance makes defaults less likely, thereby rel…
Why do entrepreneurship rates differ so markedly by gender? Using data from a large representative German household panel, we investigate to what extent personality traits, human capital, and the employment history influence the start-up decision and can explain the gender gap in entrepreneurship. Applying a decomposition analysis, we observe that the higher risk aversion among women explains …
In this study, we analyze whether the gender of a student�s siblings affects the choice of college major. A family with same-gender siblings may encourage academic choices that are less gender stereotyped. We use a unique dataset covering 30,000 Italian students who graduated from high school between 1985 and 2005 that allows us to identify siblings. We follow their academic careers from h…
We summarize our two sets of controlled experiments designed to see whether single-sex classes within co-educational environments modify students� risk-taking attitudes. In Booth and Nolen (2012b), subjects are in school years 10 and 11, while in Booth et al. (2014), they are first-year university students randomly assigned to single-sex and co-educational classes. Both studies show that w…