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Risk Aversion and the Teaching Profession: An Analysis Including Different Forms of Risk Aversion, Different Control Groups, Selection and Socialization Effects

Adam Ayaita and Kathleen Stürmer

No 1057, SOEPpapers on Multidisciplinary Panel Data Research from DIW Berlin, The German Socio-Economic Panel (SOEP)

Abstract: Risk aversion might affect current and potential teachers’ reaction to reforms, in particular payment reforms. However, evidence on teachers’ risk aversion in comparison to other occupations is limited. The present study is based on twelve waves of a representative German data set (N = 18,381) and shows that teaching relates positively to risk aversion, especially to risk aversion with respect to occupational career. Teachers score higher in risk aversion even than other civil servants. Risk-averse individuals are attracted to teaching from career outset; moreover, our results suggest an additional socialization effect during the employment that may reinforce this relationship.

Keywords: Teachers; teaching; motives; risk aversion (search for similar items in EconPapers)
JEL-codes: H75 I28 J20 J45 M50 O30 (search for similar items in EconPapers)
Pages: 50 p.
Date: 2019
New Economics Papers: this item is included in nep-lma and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

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Journal Article: Risk aversion and the teaching profession: an analysis including different forms of risk aversion, different control groups, selection and socialization effects (2020) Downloads
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