@TechReport{iza:izadps:dp7917,
            	author={Doerrenberg, Philipp and Duncan, Denvil and Zeppenfeld, Christopher},
            	title={Circumstantial Risk: Impact of Future Tax Evasion and Labor Supply Opportunities on Risk Exposure},
            	year={2014},
	month={Jan},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={7917},
            	url={https://www.iza.org/publications/dp7917},
	abstract={This paper examines whether risk-taking in a lottery depends on the opportunity to respond to the lottery outcome through additional labor effort and/or tax evasion. Previous empirical attempts to answer this question face identification issues due to self-selection into jobs that facilitate tax evasion and labor effort flexibility. We address these identification issues using a laboratory experiment (N = 180). Subjects have the opportunity to invest earned income in a lottery and, depending on randomly assigned treatment states, have the opportunity to respond to the lottery outcome through evasion and/or extra labor effort. We find strong evidence that ex-post access to labor opportunities reduces ex-ante risk willingness while access to tax evasion has no effect on risk behavior. We discuss possible explanations for this result based on the existing literature.},
	keywords={tax evasion;labor supply;risk behavior;lab experiment},
            }