Employees whose incomes have a variable component should exhibit lower risk aversion than fixedincome earners. This hypothesis is tested on 258 individuals interviewed in Italy, aged between 25 and 40 in the course of face-to-face-interviews. We find that the probability of being a variable income earner decreases with risk-aversion. Further, we investigate the link between risk preferences and job insecurity and find that women in temporary jobs are more risk averse than women in permanent ones.
Linking risk aversion and type of employment
MUSUMECI, ROSY
2011-01-01
Abstract
Employees whose incomes have a variable component should exhibit lower risk aversion than fixedincome earners. This hypothesis is tested on 258 individuals interviewed in Italy, aged between 25 and 40 in the course of face-to-face-interviews. We find that the probability of being a variable income earner decreases with risk-aversion. Further, we investigate the link between risk preferences and job insecurity and find that women in temporary jobs are more risk averse than women in permanent ones.
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