Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20467
Authors: 
Diaz-Serrano, Luis
O'Neill, Donal
Year of Publication: 
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

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