Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/206643 
Year of Publication: 
2019
Series/Report no.: 
SOEPpapers on Multidisciplinary Panel Data Research No. 1057
Publisher: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Abstract: 
Risk aversion might affect current and potential teachers' reaction to reforms, in particular payment reforms. However, evidence on teachers' risk aversion in comparison to other occupations is limited. The present study is based on twelve waves of a representative German data set (N = 18,381) and shows that teaching relates positively to risk aversion, especially to risk aversion with respect to occupational career. Teachers score higher in risk aversion even than other civil servants. Risk-averse individuals are attracted to teaching from career outset; moreover, our results suggest an additional socialization effect during the employment that may reinforce this relationship.
Subjects: 
teachers
teaching
motives
risk aversion
JEL: 
H75
I28
J20
J45
M50
O30
Document Type: 
Working Paper

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