This paper investigates whether risk preferences explain how individuals are sorted into occupations with different … willingness to take risks whose behavioral relevance has been validated in previous work. As a measure of earnings risk, we use … relating earnings risk to the measure of individual risk preference, our evidence shows that individuals with low willingness …

of our laboratory experiment is a two-stage tournament in which equilibrium efforts are the same in both stages. We …. -- Personnel economics ; tournament ; incentives ; laboratory experiment …