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Autor:innen: 
Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
SOEPpapers on Multidisciplinary Panel Data Research No. 457
Verlag: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Zusammenfassung: 
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.
Schlagwörter: 
height
risk preference
JEL: 
D90
J13
J24
Dokumentart: 
Working Paper

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