An Empirical Note on the Relationship between Unemployment and Risk-Aversion

Luis Diaz-Serrano () and Donal O'Neill

Economics Department Working Paper Series from Department of Economics, National University of Ireland - Maynooth

Abstract: In this paper we use a direct measure of individual risk-aversion to examine the relationship between risk-aversion and unemployment. Contrary to what the simple search model predicts, we observe that more risk-averse individuals are more likely to be unemployed. We present extensions of the search model that can reconcile the theory with the relationships observed in the data.

Keywords: Unemployment; job-search; risk-aversion (search for similar items in EconPapers)
JEL-codes: D81 J64 (search for similar items in EconPapers)
Date: 2004-08
New Economics Papers: this item is included in nep-dge
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:may:mayecw:n1360804

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