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Do sources of money matter in risk-taking behaviour?

Author

Listed:
  • Jean-François Gajewski

    (Laboratoire de Recherche Magellan - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon - Institut d'Administration des Entreprises (IAE) - Lyon)

  • Luc Meunier

    (ESSCA Research Lab - ESSCA - Ecole Supérieure des Sciences Commerciales d'Angers)

  • Sima Ohadi

Abstract

Assuming that money is fungible, income and wealth affect risk aversion. In the present study, we investigate whether the source of money affects risk-related decision-making. We use the percentage of temporary income and sources of income to capture the heterogeneity of risk-taking behaviour. The results indicate the significant and robust role of the temporary portion of income in explaining risk-taking behaviour: a 1% increase in temporary income corresponds to up to a 12.7% increase in risk-taking. Furthermore, having multiple sources of money is associated with greater risk-taking, and the origin of money matters with regards to risk-taking.

Suggested Citation

  • Jean-François Gajewski & Luc Meunier & Sima Ohadi, 2021. "Do sources of money matter in risk-taking behaviour?," Post-Print hal-03400444, HAL.
    • Handle: RePEc:hal:journl:hal-03400444
    DOI: 10.1080/00036846.2021.1963412
    as

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