Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/57138 
Year of Publication: 
2010
Series/Report no.: 
Working Paper Series in Economics No. 189
Publisher: 
Leuphana Universität Lüneburg, Institut für Volkswirtschaftslehre, Lüneburg
Abstract: 
In this study, we investigate the nexus between career risk aversion and unemployment duration based on German survey data (GSOEP). Using a direct measurement of career risk aversion, we do not find a statistically significant linear effect from risk aversion on unemployment duration. However, we find significant effects when controlling for a non-linear or time varying correlation between risk aversion and unemployment duration. Our results show that risk aversion is important when deciding when to leave unemployment. This research takes into account the high complexity involved in how risk aversion enters an individual's decision process during a job search.
Subjects: 
unemployment
risk aversion
duration model
JEL: 
J64
J24
D81
C41
Document Type: 
Working Paper

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