A Note on Risk Aversion and Labour Market Outcomes: Further Evidence from German Survey Data

Research, Preprint OPEN
Pfeifer, Christian;
(2008)
  • Publisher: Institute for the Study of Labor (IZA) Bonn
  • Subject: human capital | job search | Deutschland | Risikoaversion | J01 | Employment | Arbeitszufriedenheit | Arbeitsmobilität | Arbeitsverhältnis | risk aversion | wages | Economics | Gender and Diversity | Arbeitslosigkeit | employment, job search, human capital, risk aversion, wages | /dk/atira/pure/core/keywords/557389186 | Karriereplanung | Arbeitsangebot | Lohn | /dk/atira/pure/core/keywords/gender_and diversity
    • jel: jel:J64 | jel:J24 | jel:J01
      ddc: ddc:330

Using the large-scale German Socio-Economic Panel, this note reports direct empirical evidence for significant correlations between risk aversion and labour market outcomes (full-time employment, temporary agency work, fixed-term contracts, employer change, quits, train... View more
  • References (8)

    Cornelissen, T., Heywood, J.S., Jirjahn, U., 2008. Performance pay, risk attitudes and job satisfaction. Mimeo.

    Dohmen, T., Falk, A., Huffman, D., Sunde, U., Schupp, J., Wagner, G.G., 2005. Individual risk attitudes: new evidence from a large, representative, experimentally-validated survey. IZA Discussion Paper No. 1730.

    Feinberg, R.M., 1977. Risk aversion, risk, and the duration of unemployment. Review of Economics and Statistics 59(3), 264-271.

    .51 .010 .100 .10 .10 .10 .10 .10 .10 .10 .650 .485 .476 .410 .20 d5 4 6 n a

    5 an en p m e

    2 r

    7 e d

    Table 2: Wages and job satisfaction (N=6097)

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