Risk Aversion and Worker Sorting into Public Sector Employment
Research output: Working paper › Working papers
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Bonn: Forschungsinstitut zur Zukunft der Arbeit, 2008. (IZA Discussion Paper; No. 3503).
Research output: Working paper › Working papers
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RIS
TY - UNPB
T1 - Risk Aversion and Worker Sorting into Public Sector Employment
AU - Pfeifer, Christian
PY - 2008
Y1 - 2008
N2 - 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 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 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 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 - wage differentials
KW - public sector
KW - risk aversion
KW - sorting
KW - Gender and Diversity
M3 - Working papers
T3 - IZA Discussion Paper
BT - Risk Aversion and Worker Sorting into Public Sector Employment
PB - Forschungsinstitut zur Zukunft der Arbeit
CY - Bonn
ER -