Resource title

The Relationship between Unemployment and Risk-Aversion

Resource image

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Resource description

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.

Resource author

Luis Diaz-Serrano, Donal O'Neill

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/20467

Resource license

Adapt according to the presented license agreement and reference the original author.