TY  - RPRT
        AU  - Fouarge, Didier
AU  - Kriechel, Ben
AU  - Dohmen, Thomas
        TI  - Occupational Sorting of School Graduates: The Role of Economic Preferences
        PY  - 2014/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 8355
        UR  - https://www.iza.org/index.php/publications/dp8355
        AB  - We relate risk attitudes and patience of young graduates from high-school, college and university, measured around the time that they start their labor market career in a large representative survey, to the riskiness and timing of earnings in the occupations they choose to work in. We find a systematic positive and significant relation between willingness to take risks and measures of occupational earnings risks and employment risk that we derive from a large administrative data set. Patient individuals are significantly more likely to choose for occupations with a steep earnings profile. Individuals whose economic preferences are not well aligned with the riskiness and timing of earnings in their initial occupation are more likely to change to an occupation that better matches their economic preferences.
        KW  - earnings risk
KW  - risk preferences
KW  - occupational choice
KW  - sorting
        ER  -