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Title:Are tall people less risk averse than others? PDF Logo
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:SOEPpapers on Multidisciplinary Panel Data Research, DIW
Publikationen von Forscherinnen und Forschern des DIW

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