The Relationship between Unemployment and Risk-Aversion

In this paper we use a direct measure of individual risk-aversion to examine the relationship between risk-aversion and unemployment. The traditional search model predicts that more risk-averse individuals have lower reservation wages and thus are less likely to be observed in unemployment. Our findings, however, do not support this prediction: on the contrary our data suggest that more risk-averse individuals are more likely to be unemployed

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Year of publication:	[2021]
Authors:	Diaz-Serrano, Luis ; O'Neill, Donal
Publisher:	[S.l.] : SSRN
Subject:	Arbeitslosigkeit \| Unemployment \| Risikoaversion \| Risk aversion \| Arbeitsuche \| Job search \| Schätzung \| Estimation \| Italien \| Italy \| Theorie \| Theory \| Risiko \| Risk

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Extent:	1 Online-Ressource (14 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 2004 erstellt
Other identifiers:	10.2139/ssrn.571044 [DOI]
Classification:	J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013319158