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An empirical analysis on risk aversion and employment sector

Author

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  • Yen-Ling Lin

    (Department of Economics, Tamkang University)

Abstract

This study investigates the effects of risk aversion on the choice of employment sector. We employ a joint model on employment sector choice and three dimensional background characteristics to show that employment preference is an inverse function of the degree of relative risk aversion. The empirical data is adopted from the Taiwan Education Panel Survey and Beyond. A logit model is applied to estimate the effects of three dimensional background characteristics on risk attitudes and employment choices. We find that individuals with a higher share of risky experiences are less risk averse and tend to choose the riskier employment sector.

Suggested Citation

  • Yen-Ling Lin, 2017. "An empirical analysis on risk aversion and employment sector," Proceedings of International Academic Conferences 5107311, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:5107311
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    File URL: https://iises.net/proceedings/29th-international-academic-conference-rome/table-of-content/detail?cid=51&iid=021&rid=7311
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    More about this item

    Keywords

    employment sector; personality; risk aversion; Taiwan Education Panel Survey and Beyond; logit model;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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