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Risk attitudes and reservation wages of unemployed workers: Evidence from panel data

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  • Pannenberg, Markus

Abstract

This paper studies risk attitudes of unemployed job seekers and their relationship to self-reported reservation wages. We find that risk aversion is prevalent, and that reservation wages decrease slightly over time. Furthermore, risk aversion and reservation wages are negatively correlated.

Suggested Citation

  • Pannenberg, Markus, 2010. "Risk attitudes and reservation wages of unemployed workers: Evidence from panel data," Economics Letters, Elsevier, vol. 106(3), pages 223-226, March.
    • Handle: RePEc:eee:ecolet:v:106:y:2010:i:3:p:223-226
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    References listed on IDEAS

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