TY  - RPRT
        AU  - Pfeifer, Christian
        TI  - Risk Aversion and Sorting into Public Sector Employment
        PY  - 2008/May/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 3503
        UR  - https://www.iza.org/publications/dp3503
        AB  - This research note uses two German data sets – the large-scale German Socio-Economic Panel and unique data from own student questionnaires – to analyse the relationship between risk aversion and the choice for public sector employment. Main results are: (1) more risk averse individuals sort into public sector employment, (2) the impact of career specific and unemployment risk attitudes is larger than the impact of general risk attitudes, and (3) risk taking is rewarded with higher wages in the private but not in the public sector.
        KW  - wage differentials
KW  - public sector
KW  - risk aversion
KW  - sorting
        ER  -