Comparative Mixed Risk Aversion: Definition and Application to Self-Protection and Willingness to Pay

We analyze the optimal choices of agents with utility functions whose derivatives alternate in sign, an important class that includes most of the functions commonly used in economics and finance (Mixed Risk Aversion, MRA, Caballé and Pomansky, 1996). We propose a comparative mixed risk aversion definition for this class of utility functions, namely, More Risk Averse MRA, and provide a sufficient condition to compare individuals. We apply the model to optimal prevention and willingness to pay. More risk averse MRA agents spend less to reduce accident probabilities that are above 1/2. They spend more only when accident probabilities are below 1/2. Explanations in terms of risk premiums are provided. The results presented also allow for the presence of background risk.     

Enough Time for Housework? Low‐Wage Work and Desired Housework Time Adjustments

Although studies examine preferences for hours spent in paid employment, little attention has been given to preferences for hours spent in unpaid household labor. This study examines the extent to which women working in low‐paid retail jobs would prefer to spend more or less time on household work and how alignment between preferred and actual time on housework is related to characteristics of paid work. Using original survey data and company records on a sample of women working at a U.S. retail firm (N = 277), the authors found that mismatch between preferred and actual time on household work was common. Roughly 42% wanted more time on household work and 18% wanted less. Working multiple jobs, work schedule unpredictability, and nonstandard work timing contributed to wanting more time on housework. Findings add to understanding of how low‐wage, precarious employment shapes workers' ability to attend to necessary tasks of household management.     

Age,Wage, and Job Placement: Older Women’s Experiences Entering the Retail Sector

Older women seeking employment often find opportunities limited to low-wage jobs, such as those in retail. We report findings about job placement and starting wages for hourly workers hired at a women’s apparel retailer from August 2006 to December 2009. We examine competing hypotheses regarding the role of age in explaining women’s job placement and starting wages. Although newly hired women age 55+ earn higher wages and are placed in higher-quality jobs than the youngest women (ages 18–22), they are less likely to be placed in better-quality jobs than their midlife counterparts. Overall, wage differences are largely explained by job quality.     

The Haitian Revolution,History's New Frontier: State of the Scholarship and Archival Sources

Focusing on the era of the Haitian Revolution, this article analyses recent historiographical developments in both French and English. Though the field has made great strides in recent decades, it occasionally remains hampered by insufficient archival research, a parochial approach by US and French scholars, and linguistic fragmentation. The article also includes a survey of the main archival resources that are available to scholars in Europe, the Caribbean, and the USA.