Barth, Daniel; Shore, Stephen H.; Jensen, Shane T. - In: Quantitative economics : QE ; journal of the … 8 (2017) 2, pp. 553-587
where we observe the income risk of chosen careers and the risk aversion of the people who choose them. The key parameter of … distribution of income risk with risk aversion. We document that those who self-identify as risk tolerant are more likely to have … using the pay gap between high- and low-income-risk people with high and low risk aversion. …