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Risk aversion and job mobility

Thomas van Huizen and Rob Alessie

Journal of Economic Behavior & Organization, 2019, vol. 164, issue C, 91-106

Abstract: Job mobility is inherently risky as workers have limited ex ante information about the quality of outside jobs. Using a large longitudinal Dutch dataset, which includes data on risk preferences elicited through an (incentivized) lottery-choice experiment, we examine the relation between risk aversion and job mobility. The evidence shows that risk averse workers are less likely to move to other jobs. The results are stronger for male workers and for workers who hold a permanent contract. Our empirical findings indicate that the negative relation between risk aversion and job mobility is driven by the job acceptance rather than the search effort decision.

Keywords: Job mobility; Risk aversion; Job search; Risk preferences (search for similar items in EconPapers)
JEL-codes: C90 D03 D81 J62 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:164:y:2019:i:c:p:91-106

DOI: 10.1016/j.jebo.2019.01.021

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Journal of Economic Behavior & Organization is currently edited by Houser, D. and Puzzello, D.

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