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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/10011880595
form of risk taking aimed at regaining rank, and it is the engagement in risk-taking behavior that is the cause of an … standing) and stress, do not refer to risk taking at all. We present four strands of research that lend support to our …, individuals resort to risk-taking behavior aimed at regaining their lost rank; evidence that there exists a link between …
Persistent link: https://www.econbiz.de/10014545099
We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … standard measure of risk tolerance. We find that wealthy individuals are more likely to be entrepreneurs and invest a larger … ways strongly determined by individual risk tolerance. Since the wealthy dominate aggregate risky investment, their risk …
Persistent link: https://www.econbiz.de/10012389043
about risk, time-discounting and altruism in variations of two conditions: 'Quantitative First' and 'Qualitative First'. We … patience and altruism while using quantitative items first increases the cross-method correlation for risk and time preferences …
Persistent link: https://www.econbiz.de/10014319143
Many contributions suggest that earnings instability has increased during the 1980s and 1990s. This paper develops and estimates an on-the-job search model of the labor market to study the contribution of wage inequality and job mobility in explaining earnings instability. To study the evolution...
Persistent link: https://www.econbiz.de/10003666471
in the type of degree studied can explain an additional 8.4% of the male-female pay gap. Risk-augmented earnings … premiums in the job market. -- Gender wage gap ; subject of degree ; returns ; risk ; Greece …
Persistent link: https://www.econbiz.de/10003926731
-employment ; wage-employment ; income distribution ; income risk ; income skew ; income variance ; occupational choice ; labor market …
Persistent link: https://www.econbiz.de/10009522492
-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 … with the wage dispersion of an individual's occupation. -- dispersion estimation ; earnings risk ; censoring ; quantile …
Persistent link: https://www.econbiz.de/10009534948
-Economic Panel (GSOEP) within individually perceived hazards of work accidents as a risk variable, evidence for compensating wage …
Persistent link: https://www.econbiz.de/10011339080
This paper examines whether risk-taking in a lottery depends on the opportunity to respond to the lottery outcome …/or extra labor effort. We find strong evidence that ex-post access to labor opportunities reduces ex-ante risk willingness … while access to tax evasion has no effect on risk behavior. We discuss possible explanations for this result based on the …
Persistent link: https://www.econbiz.de/10010238206