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Adolescents’ attitudes to risk and their employment sector choices in adulthood: Evidence from longitudinal data

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  • Yen-Ling Lin

    (Department of Economics, Tamkang University, 151 Yingzhuan Road, Tamsui District, New Taipei City, Taiwan 25137, R.O.C.)

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.

Suggested Citation

  • Yen-Ling Lin, 2020. "Adolescents’ attitudes to risk and their employment sector choices in adulthood: Evidence from longitudinal data," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 70(1), pages 105-121, March.
    • Handle: RePEc:aka:aoecon:v:70:y:2020:i:1:p:105-121
    DOI: 10.1556/032.2020.00006
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    More about this item

    Keywords

    employment sector; personality; risk aversion; logit model;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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