Risk taking and income inequality

Ionuţ Constantin
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Ionuţ Constantin: Faculty of Administration and Business, University of Bucharest, Romania

Manager Journal, 2014, vol. 20, issue 1, 44-52

Abstract: Individuals in a society often have different degrees of aversion about risk. When individuals with equal skills take risky activities with a high potential for profit, such as the establishment of a large business, some associations fail, others not. The presence of successful and unsuccessful collaborations in a society results in economic inequality, even when all individuals are identical in terms of level and field of education, the decisive factor is taking calculated risks or not. I will present in this paper the results of a study that I conducted in March 2014 related to influence of taking risks involved in opening a business as well as flexibility and adaptability on labor market.

Keywords: entrepreneurship; risk taking; flexibility; adaptability (search for similar items in EconPapers)
Date: 2014
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