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Author Pfeifer, Christian
Source EconStor
Content type Text
Publisher Institute for the Study of Labor (IZA)
File Format PDF
Language German
Subject Domain (in DDC) Social sciences ♦ Economics
Subject Keyword Public sector ♦ risk aversion ♦ sorting ♦ wage differentials ♦ Studierende ♦ Berufswahl ♦ Risikoaversion ♦ Öffentlicher Dienst ♦ Lohnstruktur ♦ Deutschland ♦ Human Capital; Skills; Occupational Choice; Labor Productivity
Abstract 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.
Part of series IZA Discussion Papers x3503
Learning Resource Type Article
Publisher Date 2008-01-01
Publisher Place Bonn
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