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We show that, extending the theoretical analysis and empirical findings in Schulhofer\u2010Wohl (<jats:italic>Journal of Political Economy<\/jats:italic>, 2011, <jats:italic>119<\/jats:italic>, 925\u2013958), the sign of the bias is ambiguous, and depends on cycle\u2010related variables and on the covariances of both aggregate and idiosyncratic risk with individual risk aversion.<\/jats:p>","DOI":"10.1002\/jae.2686","type":"journal-article","created":{"date-parts":[[2019,1,16]],"date-time":"2019-01-16T04:05:41Z","timestamp":1547611541000},"page":"827-835","update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":1,"title":["Heterogeneity in risk aversion and risk sharing regressions"],"prefix":"10.1002","volume":"34","author":[{"given":"Pierfederico","family":"Asdrubali","sequence":"first","affiliation":[{"name":"Department of Economics and Social Sciences John Cabot University  Rome Italy"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Simone","family":"Tedeschi","sequence":"additional","affiliation":[{"name":"Department of Economics Roma Tre University  Rome Italy"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Luigi","family":"Ventura","sequence":"additional","affiliation":[{"name":"Department of Economics and Law Sapienza University of Rome  Rome Italy"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2019,3,4]]},"reference":[{"key":"e_1_2_6_2_1","doi-asserted-by":"crossref","unstructured":"Browne M. J. Jaeger V. Richter A. \u00a0&Steinort P.(2016).Family transitions and risk attitude. (MRIC Working Paper No. 32).Munich Germany: Munich Risk and Insurance Center.","DOI":"10.2139\/ssrn.2710688"},{"key":"e_1_2_6_3_1","doi-asserted-by":"crossref","unstructured":"Dohmen T. J. Falk A. Huffman D. Sunde U. Schupp J. &Wagner G. G.(2005).Individual risk attitudes: New evidence from a large representative experimentally\u2010validated survey. (IZA Discussion Paper No. 1730).Bonn Germany: Institute of Labor Economics.","DOI":"10.2139\/ssrn.807408"},{"key":"e_1_2_6_4_1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1542-4774.2011.01015.x"},{"key":"e_1_2_6_5_1","doi-asserted-by":"publisher","DOI":"10.1198\/073500102317351985"},{"key":"e_1_2_6_6_1","doi-asserted-by":"publisher","DOI":"10.1016\/S0165-1765(97)00239-5"},{"key":"e_1_2_6_7_1","doi-asserted-by":"publisher","DOI":"10.1257\/00028280260344452"},{"key":"e_1_2_6_8_1","doi-asserted-by":"publisher","DOI":"10.1086\/662720"}],"container-title":["Journal of Applied Econometrics"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.wiley.com\/onlinelibrary\/tdm\/v1\/articles\/10.1002%2Fjae.2686","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1002\/jae.2686","content-type":"application\/pdf","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/full-xml\/10.1002\/jae.2686","content-type":"application\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1002\/jae.2686","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2023,9,2]],"date-time":"2023-09-02T10:03:09Z","timestamp":1693648989000},"score":1,"resource":{"primary":{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/jae.2686"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2019,3,4]]},"references-count":7,"journal-issue":{"issue":"5","published-print":{"date-parts":[[2019,8]]}},"alternative-id":["10.1002\/jae.2686"],"URL":"https:\/\/doi.org\/10.1002\/jae.2686","archive":["Portico"],"relation":{},"ISSN":["0883-7252","1099-1255"],"issn-type":[{"value":"0883-7252","type":"print"},{"value":"1099-1255","type":"electronic"}],"subject":[],"published":{"date-parts":[[2019,3,4]]},"assertion":[{"value":"2017-03-06","order":0,"name":"received","label":"Received","group":{"name":"publication_history","label":"Publication History"}},{"value":"2018-09-19","order":1,"name":"accepted","label":"Accepted","group":{"name":"publication_history","label":"Publication History"}},{"value":"2019-03-04","order":2,"name":"published","label":"Published","group":{"name":"publication_history","label":"Publication History"}}]}}