search query: @indexterm RISK BEHAVIOUR / total: 47
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| Author: | Bird, E.J. |
| Title: | Does the welfare state induce risk-taking? |
| Journal: | Journal of Public Economics
2001 : JUN, VOL. 80:3, p. 357-383 |
| Index terms: | PUBLIC FINANCE RISK BEHAVIOUR WELFARE STATE EUROPE USA |
| Language: | eng |
| Abstract: | In cross-national data on individual and country-level characteristics, the variance of log annual income is shown to correlate positively with indicators of redistribution. The database comes from the Panel Comparability (PACO) project, which provides uniquely comparable cross-national panel data, including both Eastern and Western Europe and the US. A random effects permanent income regression is used to estimate income variance. The variance estimates are then regressed on individual and country characteristics. |
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