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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 (Unpublished)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: | https://mural.maynoothuniversity.ie/id/eprint/141 |
| Use Licence: | This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here |
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