Despite the relatively higher frequency of job displacement among older workers in Europe, little is known on its effect on the work-retirement decision. Employing individual data from the European Community Household Panel, for a number of countries with differences in their institutional environments, the effect of job displacement for non-employed workers is identified separately for the transitions ...
This paper investigates the impact of exogenous changes in individuals' perceived economic environment on their self-stated risk attitudes by exploiting changes in media coverage of economic news. We use information on risk attitudes from the German Socioeconomic Panel and combine it with data on the average daily frequency of economic news reports during the year and the month preceding the date ...