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take risk as measured by the general risk question. We demonstrate that this disposition, which we call risk conception, is … strongly associated with optimism, a stable facet of personality and that it predicts real-life risk taking. The general risk … question captures this disposition alongside pure risk preference. This enlightens why the general risk question is a better …
Persistent link: https://www.econbiz.de/10012915178
This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more … the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch … university graduates provides evidence which supports this contention. It thereby raises the possibility that even risk …
Persistent link: https://www.econbiz.de/10013117187
Why are better educated and more risk-friendly persons more mobile across regions? To answer this question, we use … patterns. Our findings indicate that risk-loving and skilled people are more mobile over longer distances because they are more … distance-related migration costs cannot explain the lower distance sensitivity of educated and risk-loving individuals …
Persistent link: https://www.econbiz.de/10013099712
gap that often characterizes choices under uncertainty by means of a higher loss rather than risk aversion …This paper presents the Bomb Risk Elicitation Task (BRET), an intuitive procedure aimed at measuring risk attitudes … truncation of the data, allows to precisely estimate both risk aversion and risk seeking, and is not affected by the degree of …
Persistent link: https://www.econbiz.de/10013103490
-coded administrative wage data from the German IAB Employment Sample (IABS). We then relate these robust measures of earnings risk to the … risk attitudes of individuals working in these occupations. We find that willingness to take risk is positively correlated …
Persistent link: https://www.econbiz.de/10013107726
This paper analyses the impact of risk attitudes on the decision to become self-employed among individuals who grew up … correlation between risk preferences and self-employment after transition is unlikely to be driven by parents transmitting self …-employment experience and risk preferences to their children. Robustness checks on a sample of East Germans confirm that such a third factor …
Persistent link: https://www.econbiz.de/10013049736
We make two main contributions to the literature on work-related injury risk and economic outcomes in the context of … understanding injury risk and severity and their resulting economic consequences, which has been overlooked in previous sports …
Persistent link: https://www.econbiz.de/10014346983
income uncertainty from an ex ante point of view. Two different measures of subjective well being are under study … might be biased if income uncertainty is essential. The paper was written in 1994 …
Persistent link: https://www.econbiz.de/10013324950
In addition to discrimination, market power, and human capital, gender differences in risk preferences might also … in any given period. Subjects were informed of the exogenous risk premium being offered for the risky job. Women were … gap in the experiments. That women were more risk averse than men was also manifest in the Pratt-Arrow Constant Absolute …
Persistent link: https://www.econbiz.de/10012984865
standing in the marriage market and that they care about their standing in that market more than married men do, we find that a … stronger distaste for low relative wealth translates into reduced relative risk aversion and, consequently, into riskier … of divorce and, hence, on the likelihood of re-entry into the marriage market: married men in environments that are more …
Persistent link: https://www.econbiz.de/10012864857