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Risk Aversion and Sorting into Public Sector Employment

Author

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  • Pfeifer Christian

    (Leuphana Universität Lüneburg, Universitätsallee 1, Lüneburg, Germany)

Abstract

This research note uses two German datasets - the large-scale German Socioeconomic Panel and unique data from own student questionnaires - to analyse the relationship between risk aversion and the choice for public sector employment. Main results are (1) more risk-averse individuals sort into public sector employment, (2) the impact of career-specific and unemployment risk attitudes is larger than the impact of general risk attitudes and (3) risk taking is rewarded with higher wages in the private but not in the public sector.

Suggested Citation

  • Pfeifer Christian, 2011. "Risk Aversion and Sorting into Public Sector Employment," German Economic Review, De Gruyter, vol. 12(1), pages 85-99, February.
    • Handle: RePEc:bpj:germec:v:12:y:2011:i:1:p:85-99
    DOI: 10.1111/j.1468-0475.2010.00505.x
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    Citations

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    Cited by:

    1. Olaf Hübler, 2013. "Are Tall People Less Risk Averse Than Others?," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 133(1), pages 23-42.
    2. Cavatorta, Elisa & Pieroni, Luca, 2013. "Background risk of food insecurity and insurance behaviour: Evidence from the West Bank," Food Policy, Elsevier, vol. 43(C), pages 278-290.
    3. Stephanie Prümer & Claus Schnabel, 2019. "Questioning the Stereotype of the “Malingering Bureaucrat”: Absence from Work in the Public and Private Sector in Germany," Kyklos, Wiley Blackwell, vol. 72(4), pages 570-603, November.
    4. Dur Robert & Zoutenbier Robin, 2015. "Intrinsic Motivations of Public Sector Employees: Evidence for Germany," German Economic Review, De Gruyter, vol. 16(3), pages 343-366, August.
    5. Prümer, Stephanie, 2019. "Ist der Staat der bessere Arbeitgeber? Arbeitsqualität im Öffentlichen und Privaten Sektor in Deutschland," Discussion Papers 107, Friedrich-Alexander University Erlangen-Nuremberg, Chair of Labour and Regional Economics.

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