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Title:The Relationship between Unemployment and Risk-Aversion PDF Logo
Authors:Diaz-Serrano, Luis
O'Neill, Donal
Issue Date:2004
Series/Report no.:IZA Discussion paper series 1214
Abstract:In this paper we use a direct measure of individual risk-aversion to examine the relationship between risk-aversion and unemployment. The traditional search model predicts that more risk-averse individuals have lower reservation wages and thus are less likely to be observed in unemployment. Our findings, however, do not support this prediction: on the contrary our data suggest that more risk-averse individuals are more likely to be unemployed.
Subjects:unemployment
job-search
risk-aversion
JEL:J64
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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