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http://hdl.handle.net/10419/60190
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| Title: | | Are tall people less risk averse than others?  |
| Authors: | | Hübler, Olaf |
| Issue Date: | | 2012 |
| Series/Report no.: | | SOEPpapers on multidisciplinary panel data research 457 |
| Abstract: | | This paper examines the question of whether risk aversion of prime-age workers is negatively correlated with human height to a statistically significant degree. A variety of estimation methods, tests and specifications yield robust results that permit one to answer this question in the affirmative. Hausman-Taylor panel estimates, however, reveal that height effects disappear if personality traits and skills, parents' behaviour, and interactions between environment and individual abilities appear simultaneously. Height is a good proxy for these influences if they are not observable. Not only one factor but a combination of several traits and interaction effects can describe the time-invariant individual effect in a panel model of risk attitude. |
| Subjects: | | height risk preference |
| JEL: | | D90 J13 J24 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW SOEPpapers on Multidisciplinary Panel Data Research, DIW
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