An empirical analysis on risk aversion and employment sector

Yen-Ling Lin ()
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Yen-Ling Lin: Department of Economics, Tamkang University

No 5107311, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: This study investigates the effects of risk aversion on the choice of employment sector. We employ a joint model on employment sector choice and three dimensional background characteristics to show that employment preference is an inverse function of the degree of relative risk aversion. The empirical data is adopted from the Taiwan Education Panel Survey and Beyond. A logit model is applied to estimate the effects of three dimensional background characteristics on risk attitudes and employment choices. We find that individuals with a higher share of risky experiences are less risk averse and tend to choose the riskier employment sector.

Keywords: employment sector; personality; risk aversion; Taiwan Education Panel Survey and Beyond; logit model (search for similar items in EconPapers)
JEL-codes: C33 J21 (search for similar items in EconPapers)
Pages: 1 page
Date: 2017-05
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Published in Proceedings of the Proceedings of the 29th International Academic Conference, Rome, May 2017, pages 72-72

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:5107311

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