Cross-sectional earnings risk and occupational sorting: The role of risk attitudes
Cross-sectional earnings risk and occupational sorting: The role of risk attitudes
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DOI：
10.1016/j.labeco.2007.06.007
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发表时间：
2007-12-01
期刊：
影响因子：
2.4
通讯作者：
Sunde, Uwe
中科院分区：
文献类型：
--
作者：
Bonin, Holger;Dohmen, Thomas;Sunde, Uwe
本文考察了个人的风险偏好与其职业的横截面收益风险之间的相关程度。我们利用了德国社会经济小组的数据，其中包含一个关于冒险意愿的直接调查问题，该问题已被证明是一种行为上有效的风险厌恶衡量标准。作为衡量收益风险的一种方法，我们使用了明式工资回归中人力资本变量无法解释的收益的横截面差异。我们的证据表明，愿意承担风险的个人更有可能在收入风险较低的职业中工作。这种模式与职业类别、地区、性别和劳动力市场经验的水平无关。(C)2007 Elsevier B.V.保留所有权利。
This paper investigates to what extent individuals' risk preferences are correlated with the cross-sectional earnings risk of their occupation. We exploit data from the German Socio-Economic Panel, which contains a direct survey question about willingness to take risks that has been shown to be a behaviorally valid measure of risk aversion. As a measure of earnings risk, we use the cross-sectional variation in earnings that is left unexplained by human capital variables in Mincerian wage regressions. Our evidence shows that individuals with low willingness to take risks are more likely to work in occupations with low earnings risk. This pattern is found regardless of the level of occupation categories, region, gender and labor market experience. (C) 2007 Elsevier B.V. All rights reserved.