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Leuphana Universität Lüneburg >
Institut für Volkswirtschaftslehre, Leuphana Universität Lüneburg >
Working Paper Series in Economics, Leuphana Universität Lüneburg >
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http://hdl.handle.net/10419/57138
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| Title: | | The link between career risk aversion and unemployment duration: Evidence of non-linear and time-depending pattern  |
| Authors: | | Oberschachtsiek, Dirk Ullrich, Britta |
| Issue Date: | | 2010 |
| Series/Report no.: | | University of Lüneburg Working Paper Series in Economics 189 |
| Abstract: | | In this study, we investigate the nexus between career risk aversion and unemployment duration based on German survey data (GSOEP). Using a direct measurement of career risk aversion, we do not find a statistically significant linear effect from risk aversion on unemployment duration. However, we find significant effects when controlling for a non-linear or time varying correlation between risk aversion and unemployment duration. Our results show that risk aversion is important when deciding when to leave unemployment. This research takes into account the high complexity involved in how risk aversion enters an individual's decision process during a job search. |
| Subjects: | | unemployment risk aversion duration model |
| JEL: | | J64 J24 D81 C41 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Paper Series in Economics, Leuphana Universität Lüneburg
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