TY  - RPRT
        AU  - Diaz-Serrano, Luis
AU  - O'Neill, Donal
        TI  - The Relationship between Unemployment and Risk-Aversion
        PY  - 2004/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 1214
        UR  - https://www.iza.org/index.php/publications/dp1214
        AB  - In this paper we use a direct measure of individual risk-aversion to examine the relationship
between risk-aversion and unemployment. The traditional search model predicts that more
risk-averse individuals have lower reservation wages and thus are less likely to be observed
in unemployment. Our findings, however, do not support this prediction: on the contrary our
data suggest that more risk-averse individuals are more likely to be unemployed.
        KW  - unemployment
KW  - job-search
KW  - risk-aversion
        ER  -