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Title:The link between career risk aversion and unemployment duration: Evidence of non-linear and time-depending pattern PDF Logo
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.
risk aversion
duration model
Document Type:Working Paper
Appears in Collections:Working Paper Series in Economics, Leuphana Universität Lüneburg

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