A flexibility framework to understand the adaptation of small coffee and honey producers facing market shocks

2013 ◽  
Vol 179 (4) ◽  
pp. 356-368 ◽  
Author(s):  
Benjamin Bathfield ◽  
Pierre Gasselin ◽  
Santiago López-Ridaura ◽  
Rémy Vandame
Keyword(s):  
Market Shocks ◽  
Flexibility Framework

Identification of Labour Market Shocks

2021 ◽  
Author(s):  
Francesco Ravazzolo ◽  
Josué Diwambuena
Keyword(s):  
Labour Market ◽  
Market Shocks

scholarly journals Parents with an Unemployed Adult Child: Consumption, Income, and Savings Effects

2019 ◽  
Vol 8 (1) ◽  
Author(s):  
Kathryn Anne Edwards ◽  
Jeffrey B. Wenger
Keyword(s):  
Labor Market ◽  
Older Workers ◽  
Financial Support ◽  
Risk Sharing ◽  
Panel Study ◽  
Adult Child ◽  
Retirement Savings ◽  
Parent Outcomes ◽  
Labor Market Shocks ◽  
Market Shocks

AbstractThe risk of labor market, health, and asset-value shocks comprise profound retirement savings challenges for older workers. Parents, however, may experience added risk if their children experience adverse labor market shocks. Prior research has shown that parents support their children financially through an unemployment spell. In this paper, we also provide evidence of financial support from parents and investigate if this financial support is accompanied by adjustments to parental consumption, income, or savings behavior. With longitudinal data on mothers and children from the Panel Study of Income Dynamics, we use within-mother variation in behavior to identify the effect of a child’s labor market shock on parent outcomes. We find evidence of a decline in consumption, an increase in labor supply, and a decrease retirement savings, though the results are heterogenous among mothers. Our results point to aggregate inefficiencies and inequities that may result from family risk sharing.

scholarly journals Market shocks and professionals' investment behavior – Evidence from the COVID-19 crash

2020 ◽  
Author(s):  
Christoph Huber ◽  
Juergen Huber ◽  
Michael Kirchler
Keyword(s):  
Stock Market ◽  
Risk Aversion ◽  
Risk Taking ◽  
Investment Behavior ◽  
Controlled Experiments ◽  
Price Expectations ◽  
Market Crashes ◽  
Changes In Risk ◽  
Risk Taking Behavior ◽  
Market Shocks

We investigate how the experience of stock market shocks, such as the COVID-19 crash, influences risk-taking behavior. To isolate changes in risk taking from other factors during stock market crashes, we ran controlled experiments with finance professionals in December 2019 and March 2020. We observe that their investments in the experiment were 12 percent lower in March 2020 than in December 2019, although their price expectations had not changed, and although they considered the experimental asset less risky during the crash than before. Thus, lower investments are driven by higher risk aversion, not by changes in beliefs.

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