ISET Professor Norberto Pignatti recently attended the international IZA/Volkswagen Foundation Workshop: Preferences, Personality Traits and the Labor Market, held in Bertinoro (Italy) on the 6th and 7th of October. Professor Pignatti was invited to present his research about the role of risk-preferences in labor market choices in the Georgian labor market. The evidence discussed in the paper was collected based on during the implementation of the project (sponsored by the Volkswagen Foundation) Informality in the Georgian labor market.

Topics of papers presented at the workshop included:

In the world of the 21st century, the number of people living without electricity in their homes is 1.3 billion. Even among those who have access, many do not own basic assets such as refrigerators, motorized transport, or washing machines. However, it is anticipated that over the next several decades, wide-scale poverty alleviation programs, as well as continued economic growth, will lift the incomes of many of the world’s poor. As incomes increase, families formerly living in poverty will for the first-time purchase energy-using assets.

How will the global demand for energy rise as a consequence? To answer that question, Dr. Alan Fuchs, Senior Economist in the Poverty and Equity Global Practice of the World Bank, made a presentation at ISET on October 5th.

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