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

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Author Info
Pfeifer, Christian () (University of Hannover)

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Abstract

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, training, wages, and job satisfaction).

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Publisher Info
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 3523.

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Length: 13 pages
Date of creation: May 2008
Date of revision:
Handle: RePEc:iza:izadps:dp3523

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Related research
Keywords: employment; job search; human capital; risk aversion; wages;

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Find related papers by JEL classification:
J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search

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References listed on IDEAS
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  1. Markus Pannenberg, 2007. "Risk Aversion and Reservation Wages," SOEPpapers 23, DIW Berlin, The German Socio-Economic Panel (SOEP). [Downloadable!]
  2. Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde & Jürgen Schupp & Gert G. Wagner, 2005. "Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey," IZA Discussion Papers 1730, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  3. Markus Pannenberg, 2007. "Risk Aversion and Reservation Wages," IZA Discussion Papers 2806, Institute for the Study of Labor (IZA). [Downloadable!]
  4. Feinberg, Robert M, 1977. "Risk Aversion, Risk, and the Duration of Unemployment," The Review of Economics and Statistics, MIT Press, vol. 59(3), pages 264-71, August. [Downloadable!] (restricted)
  5. Laszlo Goerke & Markus Pannenberg, 2008. "Risk Aversion and Trade Union Membership," Discussion Papers of DIW Berlin 770, DIW Berlin, German Institute for Economic Research. [Downloadable!]
    Other versions:
  6. Levhari, David & Weiss, Yoram, 1974. "The Effect of Risk on the Investment in Human Capital," American Economic Review, American Economic Association, vol. 64(6), pages 950-63, December. [Downloadable!] (restricted)
  7. Pfeifer, Christian, 2008. "Risk Aversion and Sorting into Public Sector Employment," IZA Discussion Papers 3503, Institute for the Study of Labor (IZA). [Downloadable!]
  8. Thomas Cornelißen & John S. Heywood & Uwe Jirjahn, 2008. "Performance Pay, Risk Attitudes and Job Satisfaction," SOEPpapers 136, DIW Berlin, The German Socio-Economic Panel (SOEP). [Downloadable!]
  9. Christian Grund & Dirk Sliwka, 2006. "Performance Pay and Risk Aversion," IZA Discussion Papers 2012, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
    • Christian Grund & Dirk Sliwka, 2006. "Performance Pay and Risk Aversion," Discussion Papers 101, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich. [Downloadable!]
  10. Simon Luechinger & Alois Stutzer & Rainer Winkelmann, 2007. "The Happiness Gains from Sorting and Matching in the Labor Market," SOEPpapers 45, DIW Berlin, The German Socio-Economic Panel (SOEP). [Downloadable!]
    Other versions:
  11. Pissarides, Christopher A, 1974. "Risk, Job Search, and Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1255-67, Nov.-Dec.. [Downloadable!] (restricted)
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