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

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

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.

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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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Paper provided by DIW Berlin, The German Socio-Economic Panel (SOEP) in its series SOEPpapers on Multidisciplinary Panel Data Research with number 546.

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Length: 12 p.
Date of creation: 2013
Date of revision:
Handle: RePEc:diw:diwsop:diw_sp546
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  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, Social Science Research Center Berlin (WZB).
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