Risk attitudes and reservation wages of unemployed workers: Evidence from panel data

This paper studies risk attitudes of unemployed job seekers and their relationship to self-reported reservation wages. We find that risk aversion is prevalent, and that reservation wages decrease slightly over time. Furthermore, risk aversion and reservation wages are negatively correlated.

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Year of publication:	2010
Authors:	Pannenberg, Markus
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 106.2010, 3, p. 223-226
Publisher:	Elsevier
Keywords:	Risk attitudes Reservation wages Job search Panel data

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008551320