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A Note on Risk Aversion and Labour Market Outcomes: Further Evidence from German Survey Data

Author

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  • Pfeifer, Christian

    (Leuphana University Lüneburg)

Abstract

Using the large-scale German Socio-Economic Panel, this note reports direct empirical evidence for significant correlations between risk aversion and labour market outcomes (full-time employment, temporary agency work, fixed-term contracts, employer change, quits, training, wages, and job satisfaction).

Suggested Citation

  • Pfeifer, Christian, 2008. "A Note on Risk Aversion and Labour Market Outcomes: Further Evidence from German Survey Data," IZA Discussion Papers 3523, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp3523
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    References listed on IDEAS

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    1. Grund, Christian & Sliwka, Dirk, 2006. "Performance Pay and Risk Aversion," IZA Discussion Papers 2012, Institute of Labor Economics (IZA).
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    6. Christian Pfeifer, 2011. "Risk Aversion and Sorting into Public Sector Employment," German Economic Review, Verein für Socialpolitik, vol. 12(1), pages 85-99, February.
    7. Levhari, David & Weiss, Yoram, 1974. "The Effect of Risk on the Investment in Human Capital," American Economic Review, American Economic Association, vol. 64(6), pages 950-963, December.
    8. Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde & Juergen Schupp & Gert Wagner, 2005. "Individual Risk Attitudes: New Evidence from a Large, Representative, Experimentally-Validated Survey," Working Papers 2096, The Field Experiments Website.
    9. Pissarides, Christopher A, 1974. "Risk, Job Search, and Income Distribution," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1255-1267, Nov.-Dec..
    10. Cornelissen, Thomas & Heywood, John S. & Jirjahn, Uwe, 2011. "Performance pay, risk attitudes and job satisfaction," Labour Economics, Elsevier, vol. 18(2), pages 229-239, April.
    11. Luechinger, Simon & Stutzer, Alois & Winkelmann, Rainer, 2006. "The Happiness Gains from Sorting and Matching in the Labor Market," IZA Discussion Papers 2019, Institute of Labor Economics (IZA).
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Wölfel, Oliver & Heineck, Guido, 2012. "Parental risk attitudes and children's secondary school track choice," Economics of Education Review, Elsevier, vol. 31(5), pages 727-743.
    2. Ingo E. Isphording, 2010. "Risky Business – The Role of Individual Risk Attitudes in Occupational Choice," Ruhr Economic Papers 0187, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
    3. Francesco Bogliacino & Valeria Cirillo & Cristiano Codagnone & Marta Fana & Francisco Lupi��ez-Villanueva & Giuseppe A Veltri, 2019. "Shaping Individual Preferences for Social Protection: The Case of Platform Workers," Documentos de Trabajo, Escuela de Economía 17293, Universidad Nacional de Colombia, FCE, CID.
    4. Isphording, Ingo E., 2010. "Risky Business – The Role of Individual Risk Attitudes in Occupational Choice," Ruhr Economic Papers 187, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    5. Hahn, Elisabeth & Richter, David & Schupp, Jürgen & Back, Mitja D., 2019. "Predictors of Refugee Adjustment: The Importance of Cognitive Skills and Personality," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 5(1[Art. no), pages 1-14.
    6. Fabio Berton & Matteo Richiardi & Stefano Sacchi, 2013. "Non-standard work, low-paid work and employment dynamics: evidence from an occupational perspective," Carlo Alberto Notebooks 336, Collegio Carlo Alberto.
    7. Berton, Fabio & Migheli Matteo, 2015. "Estimating the marginal rate of substitution between wage and employment protection," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201529, University of Turin.
    8. Anselm Komla Abotsi & Gershon Yawo Dake & Richard Abankwa Agyepong, 2014. "Factors Influencing Risk Management Decision of Small and Medium Scale Enterprises in Ghana," Contemporary Economics, Vizja University, vol. 8(4), December.
    9. Cho, In Soo & Orazem, Peter, 2011. "Risk aversion or risk management?: How measures of risk aversion affect firm entry and firm survival," ISU General Staff Papers 201112010800001097, Iowa State University, Department of Economics.

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    Keywords

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    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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