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    An Empirical Note on the Relationship between Unemployment and Risk-Aversion


    Diaz-Serrano, Luis and O'Neill, Donal (2004) An Empirical Note on the Relationship between Unemployment and Risk-Aversion. UNSPECIFIED. (Unpublished)

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    Abstract

    In this paper we use a direct measure of individual risk-aversion to examine the relationship between risk-aversion and unemployment. Contrary to what the simple search model perdicts, we observe that more risk-averse individuals are more lkiley to be unemployed. We present extensions of the search model that can reconcile the theory with the relationships observed in the data.

    Item Type: Other
    Keywords: Unemployment, job-search, risk-aversion
    Academic Unit: Faculty of Social Sciences > Economics, Finance and Accounting
    Item ID: 141
    Depositing User: Ms Sandra Doherty
    Date Deposited: 16 Sep 2004
    Refereed: No
    URI:

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