Risk Attitudes and Self‐Employment in China

Risk Attitudes and Self‐Employment in China
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DOI:
10.1111/j.1749-124x.2014.12070.x
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发表时间:
2014-05
期刊:
ERN: Other Microeconomics: Decision-Making under Risk & Uncertainty (Topic)
影响因子:
--
通讯作者:
F. Hu
F. Hu
中科院分区:
其他
文献类型:
--
作者:
F. Hu

文献摘要

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本文利用2006年中国综合社会调查的数据,考察了风险态度对中国创业可能性的影响。我们的研究结果表明,风险态度对成为企业家的可能性有非线性影响。风险中性的人最有可能成为企业家,而风险厌恶者和风险寻求者都更喜欢为工资而工作。当我们进一步将企业家分为必要型企业家和机会型企业家时,我们发现工资劳动者和必要型企业家在风险态度上只有微小的差异,而风险厌恶程度较低的人往往是机会型企业家。我们的研究结果具有重要的政策含义,政府的努力,以促进创业活动。
Using the 2006 wave of the Chinese General Social Survey, the present paper examines the effect of risk attitudes on the likelihood of entrepreneurship in China. Our results show that risk attitudes have a nonlinear effect on the likelihood of being entrepreneurs. Risk neutral people are most likely to be entrepreneurs, while both risk averse and risk seeking people prefer to work for wages. When we further divide entrepreneurs into necessity and opportunity entrepreneurs, we find only a marginal difference in risk attitudes between wage workers and necessity entrepreneurs, while less risk averse individuals tend to be opportunity entrepreneurs. Our results have important policy implications for the government's efforts to promote entrepreneurial activities.