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  • 1 Department of Economics, 151 Yingzhuan Road, Tamsui District, New Taipei City, R.O.C.
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Abstract

I investigated the effects of adolescents' attitudes toward risk on their choice of employment sector in adulthood. I employed a joint model of employment sector choice and three-dimensional background characteristics to demonstrate that employment preference is an inverse function of the degree of relative risk aversion. Empirical data was obtained from longitudinal data, and a logit model was applied to estimate the effects of the three-dimensional background characteristics on the risk-taking attitudes and employment choices. I observed that individuals with a higher tendency to engage in risky experiences exhibit low risk aversion, and thus, tend to choose a riskier employment sector.

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      Berlinger, Edina
      Halmai, Péter
      Kézdi, Gábor
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      Ǻslund, Anders
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Corvinus University of Budapest
Department of Macroeconomics
Fővám tér 8, Budapest, H-1093, Hungary