Risk Aversion and Sorting into Public Sector Employment
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In: German Economic Review, Vol. 12, No. 1, 01.02.2011, p. 85-99.
Research output: Journal contributions › Journal articles › Research › peer-review
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RIS
TY - JOUR
T1 - Risk Aversion and Sorting into Public Sector Employment
AU - Pfeifer, Christian
PY - 2011/2/1
Y1 - 2011/2/1
N2 - This research note uses two German datasets - the large-scale German Socioeconomic 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 into public sector employment, (2) the impact of career-specific and unemployment risk attitudes is larger than the impact of general risk attitudes and (3) risk taking is rewarded with higher wages in the private but not in the public sector.
AB - This research note uses two German datasets - the large-scale German Socioeconomic 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 into public sector employment, (2) the impact of career-specific and unemployment risk attitudes is larger than the impact of general risk attitudes and (3) risk taking is rewarded with higher wages in the private but not in the public sector.
KW - Economics
KW - J24
KW - J31
KW - J45
KW - Public sector
KW - Risk aversion
KW - Sorting
KW - Wage differentials
KW - Gender and Diversity
UR - https://www.scopus.com/record/display.uri?eid=2-s2.0-79951832856&origin=inward&txGid=0
U2 - 10.1111/j.1468-0475.2010.00505.x
DO - 10.1111/j.1468-0475.2010.00505.x
M3 - Journal articles
VL - 12
SP - 85
EP - 99
JO - German Economic Review
JF - German Economic Review
SN - 1465-6485
IS - 1
ER -