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Members of German Federal Parliament More Risk-Loving than General Population

Author

Listed:
  • Moritz Heß
  • Christian von Scheve
  • Jürgen Schupp
  • Gert G. Wagner

Abstract

The article analyzes the question of whether career politicians differ systematically from the general population in terms of their attitudes toward risk. A written survey of members of the 17th German Bundestag in late 2011 identified their risk attitudes, and the survey data was set in relation to respondents to the German Socio-Economic Panel Study (SOEP) for the survey year 2009 (2002 through 2012). Compared with the population surveyed in the SOEP, members of the German parliament display a considerably higher general risk appe-tite, which is highly significant. For different areas of risk, last surveyed in the SOEP in 2009, the members of parliament had significantly stronger risk-loving attitudes across vir-tually all indicators and risk categories surveyed than the comparison groups of SOEP re-spondents.

Suggested Citation

  • Moritz Heß & Christian von Scheve & Jürgen Schupp & Gert G. Wagner, 2013. "Members of German Federal Parliament More Risk-Loving than General Population," SOEPpapers on Multidisciplinary Panel Data Research 546, DIW Berlin, The German Socio-Economic Panel (SOEP).
  • Handle: RePEc:diw:diwsop:diw_sp546
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    File URL: http://www.diw.de/documents/publikationen/73/diw_01.c.418993.de/diw_sp0546.pdf
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    References listed on IDEAS

    as
    1. Vieider, Ferdinand M. & Chmura, Thorsten & Martinsson, Peter, 2012. "Risk attitudes, development, and growth: Macroeconomic evidence from experiments in 30 countries," Discussion Papers, WZB Junior Research Group Risk and Development SP II 2012-401, WZB Berlin Social Science Center.
    2. Thomas Siedler & JÜrgen Schupp & C. Katharina Spiess & Gert G. Wagner, 2009. "The German Socio-Economic Panel (SOEP) as Reference Data Set," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 129(2), pages 367-374.
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    Cited by:

    1. repec:eee:jetheo:v:176:y:2018:i:c:p:232-254 is not listed on IDEAS
    2. Blesse, Sebastian & Boyer, Pierre C. & Heinemann, Friedrich & Janeba, Eckhard & Raj, Anasuya, 2017. "European Monetary Union reform preferences of French and German parliamentarians," ZEW Discussion Papers 17-059, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.

    More about this item

    Keywords

    political decision-making; risk aversion; German parliament; SOEP;

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General
    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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