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http://hdl.handle.net/10419/20467
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| Title: | | The Relationship between Unemployment and Risk-Aversion  |
| Authors: | | Diaz-Serrano, Luis O'Neill, Donal |
| Issue Date: | | 2004 |
| Series/Report no.: | | IZA Discussion paper series 1214 |
| Abstract: | | In this paper we use a direct measure of individual risk-aversion to examine the relationship between risk-aversion and unemployment. The traditional search model predicts that more risk-averse individuals have lower reservation wages and thus are less likely to be observed in unemployment. Our findings, however, do not support this prediction: on the contrary our data suggest that more risk-averse individuals are more likely to be unemployed. |
| Subjects: | | unemployment job-search risk-aversion |
| JEL: | | J64 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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