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Risk taking and income inequality

Author

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  • Ionuţ Constantin

    (Faculty of Administration and Business, University of Bucharest, Romania)

Abstract

Individuals in a society often have different degrees of aversion about risk. When individuals with equal skills take risky activities with a high potential for profit, such as the establishment of a large business, some associations fail, others not. The presence of successful and unsuccessful collaborations in a society results in economic inequality, even when all individuals are identical in terms of level and field of education, the decisive factor is taking calculated risks or not. I will present in this paper the results of a study that I conducted in March 2014 related to influence of taking risks involved in opening a business as well as flexibility and adaptability on labor market.

Suggested Citation

  • Ionuţ Constantin, 2014. "Risk taking and income inequality," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 20(1), pages 44-52, December.
    • Handle: RePEc:but:manage:v:20:y:2014:i:1:p:44-52
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