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Wissenschaftszentrum Berlin für Sozialforschung (WZB) >
Discussion Papers, WZB Junior Research Group Risk and Development, WZB >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/66905
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Vieider, Ferdinand M. | | en_US |
| dc.contributor.author | | Chmura, Thorsten | | en_US |
| dc.contributor.author | | Martinsson, Peter | | en_US |
| dc.date.accessioned | | 2012-11-28T11:59:36Z | | - |
| dc.date.available | | 2012-11-28T11:59:36Z | | - |
| dc.date.issued | | 2012 | | - |
| dc.identifier.uri | | http://hdl.handle.net/10419/66905 | | - |
| dc.description.abstract | | We measure risk attitudes in 30 different countries in a controlled, incentivized experiment (N = 3025). At the macroeconomic level, we find a strong and highly significant negative correlation between the risk tolerance of a country and income per capita. This gives rise to a paradox, seen that risk tolerance has been found to be positively associated with personal income within countries. We show that this paradox can be explained by unified growth theory. These results are consistent with the prediction that risk attitudes act as a transmission mechanism for growth by encouraging entrepreneurship. Furthermore, our study shows that risk attitudes vary considerably between countries and that for typical experimental stakes, risk seeking or neutrality is just as frequent as risk aversion. | | - |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | WZB Berlin | | - |
| dc.relation.ispartofseries | | Discussion Paper, Social Science Research Center Berlin (WZB), Research Area Markets and Politics, WZB Junior Research Group Risk and Development SP II 2012-401 | | en_US |
| dc.subject.jel | | D01 | | en_US |
| dc.subject.jel | | D03 | | en_US |
| dc.subject.jel | | D81 | | en_US |
| dc.subject.jel | | E02 | | en_US |
| dc.subject.jel | | O10 | | en_US |
| dc.subject.jel | | O11 | | en_US |
| dc.subject.jel | | O12 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | risk attitudes | | en_US |
| dc.subject.keyword | | cultural comparison | | en_US |
| dc.subject.keyword | | economic growth | | en_US |
| dc.subject.keyword | | comparative development | | en_US |
| dc.title | | Risk attitudes, development, and growth: Macroeconomic evidence from experiments in 30 countries | | en |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 73144728X | | - |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| dc.identifier.repec | | RePEc:zbw:wzbrad:SPII2012401 | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des WZB Discussion Papers, WZB Junior Research Group Risk and Development, WZB
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