influence on risk attitudes and opportunity recognition. We conduct a natural experiment based on Germany’s recent history and … compare individuals born and raised in the former socialist East Germany (GDR) with their West Germany (FRG) counterparts. Our … analysis confirms the expected difference in values between individuals from East and West Germany and also shows that these …

, GSOEP for Germany, OSA for the Netherlands and HUS for Sweden.The reason for analysing and comparing four countries is an … the other three countries. In Germany, fixed-termworkers are conspicuously badly paid compared to fixed-term workers in … in Britain and Germany. …