IDEAS home Printed from https://ideas.repec.org/p/unm/umaror/2014009.html

Occupational sorting of school graduates: the role of economic preferences

Author

Listed:
  • Fouarge, D.

    (Research Centre for Educ and Labour Mark)

  • Kriechel, B.

    (Research Centre for Educ and Labour Mark)

  • Dohmen, T.J.

    (Macro, International & Labour Economics)

Abstract

We relate risk attitudes and patience of young graduates from high-school, college and university, measured around the time that they start their labor market career in a large representative survey, to the riskiness and timing of earnings in the occupations they choose to work in. We find a systematic positive and significant relation between willingness to take risks and measures of occupational earnings risks and employment risk that we derive from a large administrative data set. Patient individuals are significantly more likely to choose for occupations with a steep earnings profile. Individuals whose economic preferences are not well aligned with the riskiness and timing of earnings in their initial occupation are more likely to change to an occupation that better matches their economic preferences.

Suggested Citation

  • Fouarge, D. & Kriechel, B. & Dohmen, T.J., 2014. "Occupational sorting of school graduates: the role of economic preferences," ROA Research Memorandum 009, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    • Handle: RePEc:unm:umaror:2014009
    DOI: 10.26481/umaror.2014009
    as

    Download full text from publisher

    File URL: https://cris.maastrichtuniversity.nl/ws/files/1085243/guid-a1342a5a-666c-4d40-99a1-e9024439efca-ASSET1.0.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.26481/umaror.2014009?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    More about this item

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:unm:umaror:2014009. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Andrea Willems or Angie Figueroa Alarcon (email available below). General contact details of provider: https://edirc.repec.org/data/romaanl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.