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Risk aversion and the teaching profession: an analysis including different forms of risk aversion, different control groups, selection and socialization effects

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  • Adam Ayaita
  • Kathleen Stürmer

Abstract

Risk aversion might affect current and potential teachers’ reaction to reforms, such as payment reforms. However, evidence on teachers’ risk aversion in comparison to other occupations is limited. The present study is based on twelve waves of a representative German data set (N = 18,381) and shows that teaching relates positively to risk aversion, especially to risk aversion with respect to occupational career. Teachers score higher in risk aversion even than other civil servants. Our results suggest that risk-averse individuals are attracted to teaching, while we find no evidence for a socialization effect during the career.

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  • Adam Ayaita & Kathleen Stürmer, 2020. "Risk aversion and the teaching profession: an analysis including different forms of risk aversion, different control groups, selection and socialization effects," Education Economics, Taylor & Francis Journals, vol. 28(1), pages 4-25, January.
    • Handle: RePEc:taf:edecon:v:28:y:2020:i:1:p:4-25
    DOI: 10.1080/09645292.2019.1675592
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    Cited by:

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    3. Hillebrandt, Marc-André, 2022. "Impact of changes in relationship status on smoking behavior and body weight," Economics & Human Biology, Elsevier, vol. 44(C).

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    More about this item

    JEL classification:

    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J45 - Labor and Demographic Economics - - Particular Labor Markets - - - Public Sector Labor Markets
    • M50 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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