Similar Search Results

Gambling and the Use of Credit: An Individual and Household Level Analysis

Brown, Sarah; Dickerson, Andy; McHardy, Jolian; Taylor, Karl - Institute for the Study of Labor (IZA) - 2010

We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …

Persistent link: https://www.econbiz.de/10008562538

Discrete Innovation, Continuous Improvement, and Competitive Pressure

Ghosh, Arghya; Kato, Takao; Morita, Hodaka - Institute for the Study of Labor (IZA) - 2007

Does competitive pressure foster innovation? In addressing this important question, prior studies ignored a distinction between discrete innovation aiming at entirely new technology and continuous improvement consisting of numerous incremental improvements and modifications made upon the...

Persistent link: https://www.econbiz.de/10005822187

Risk Aversion and Reservation Wages

Pannenberg, Markus - Institute for the Study of Labor (IZA) - 2007

This study examines the relationship between individual risk aversion and reservation wages using 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 the level of reservation...

Persistent link: https://www.econbiz.de/10005822135

Risk Aversion and Sorting into Public Sector Employment

Pfeifer, Christian - Institute for the Study of Labor (IZA) - 2008

This research note uses two German data sets – the large-scale German Socio-Economic Panel and unique data from own student questionnaires – to analyse the relationship between risk aversion and the choice for public sector employment. Main results are: (1) more risk averse individuals sort...

Persistent link: https://www.econbiz.de/10005822308

Selection and Mode Effects in Risk Preference Elicitation Experiments

von Gaudecker, Hans-Martin; van Soest, Arthur; … - Institute for the Study of Labor (IZA) - 2008

We combine data from a risk preference elicitation experiment conducted on a representative sample via the Internet with laboratory data on students for the same experiment to investigate effects of implementation mode and of subject pool selection. We find that the frequency of errors in the...

Persistent link: https://www.econbiz.de/10005822394

Performance Pay and Risk Aversion

Grund, Christian; Sliwka, Dirk - Institute for the Study of Labor (IZA) - 2006

A main prediction of agency theory is the well known risk-incentive trade-off. Incentive contracts should be found in environments with little uncertainty and for agents with low degrees of risk aversion. There is an ongoing debate in the literature about the first trade-off. Due to lack of...

Persistent link: https://www.econbiz.de/10005822413

Gender Differences in Risk Behaviour: Does Nurture Matter?

Booth, Alison L.; Nolen, Patrick J. - Institute for the Study of Labor (IZA) - 2009

Women and men may differ in their propensity to choose a risky outcome because of innate preferences or because their innate preferences are modified by pressure to conform to gender-stereotypes. Single-sex environments are likely to modify students’ risk-taking preferences in economically...

Persistent link: https://www.econbiz.de/10005822515

Risk Aversion and Schooling Decisions

Belzil, Christian; Leonardi, Marco - Institute for the Study of Labor (IZA) - 2007

We develop a non-rational expectation econometric model of sequential schooling decisions. Using unique Italian panel data in which individual differences in attitudes toward risk are measurable (with error), we investigate the effect of risk aversion on the probability of entering higher...

Persistent link: https://www.econbiz.de/10005822705

Labour Income Uncertainty, Risk Aversion and Home Ownership

Diaz-Serrano, Luis - Institute for the Study of Labor (IZA) - 2004

In this paper we investigate the effect of labour income uncertainty on the probability of homeownership in Germany and Spain. This study is motivated by two facts. Firstly, theoretical models tend to provide ambiguous results in this issue. Secondly, there is limited previous empirical evidence...

Persistent link: https://www.econbiz.de/10005822831

Parenthood and Risk Preferences

Görlitz, Katja; Tamm, Marcus - Institute for the Study of Labor (IZA) - 2015

This study analyzes how risk attitudes change when individuals become parents using longitudinal data for a large and representative sample of individuals. The results show that men and women experience a considerable increase in risk aversion which already starts as early as two years before...

Persistent link: https://www.econbiz.de/10011214025