The relationship between unemployment and risk-aversion
By: by Luis Diaz-Serrano, Donal O'Neill.
Contributors: O'Neill, Donal.
Series: Discussion paper ;; no. 1214; Discussion paper (Forschungsinstitut zur Zukunft der Arbeit : Online) ;; no. 1214
Publisher: IZA
Published: 2004
Place of publication: Bonn, Germany
Language: eng
Format: Electronic resource
Subjects: Unemployment.; Risk-taking (Psychology)
Description: "In this paper we use a direct measure of individual risk-aversion to examine the relationship between risk-aversion and unemployment. The traditional search model predicts that more risk-averse individuals have lower reservation wages and thus are less likely to be observed in unemployment. Our findings, however, do not support this prediction: on the contrary our data suggest that more risk-averse individuals are more likely to be unemployed"--Forschungsinstitut zur Zukunft der Arbeit web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 5/6/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.