Risk Aversion and Reservation Wages

This study examines the relationship between individual risk aversion and reservation wagesusing a novel set of direct measures of individual risk attitudes from the German Socio-Economic Panel (SOEP). We find that risk aversion has a significantly negative impact on thelevel of reservation wages...

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Year of publication:	2007-05-01
Authors:	Pannenberg, Markus
Institutions:	Forschungsinstitut zur Zukunft der Arbeit <Bonn>
Subject:	Risikoaversion \| Lohn

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Extent:	231424 bytes 21 p. application/pdf
Series:	IZA - Forschungsinstitut zur Zukunft der Arbeit - Discussion Papers IZA Discussion Paper ; No. 2806 (2007)
Type of publication:	Book / Working Paper
Language:	English
Classification:	J64 - Unemployment: Models, Duration, Incidence, and Job Search ; J65 - Unemployment Insurance; Severance Pay; Plant Closings ; Pay salaries and social benefits ; Individual Working Papers, Preprints ; GERMANY
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005862881