@TechReport{iza:izadps:dp8354, author={Skriabikova, Olga and Dohmen, Thomas and Kriechel, Ben}, title={New Evidence on the Relationship between Risk Attitudes and Self-Employment}, year={2014}, month={Jul}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={8354}, url={https://www.iza.org/publications/dp8354}, abstract={This paper analyses the impact of risk attitudes on the decision to become self-employed among individuals who grew up under the communist regime in Ukraine, which banned self-employment so that individuals could not observe what it is like to be self-employed. Since the intra-family transmission of self-employment experiences was largely shut down, the observed correlation between risk preferences and self-employment after transition is unlikely to be driven by parents transmitting self-employment experience and risk preferences to their children. Robustness checks on a sample of East Germans confirm that such a third factor explanation is implausible, thus shedding light on the causal nature of the relation between risk preferences and the decision to become self-employed.}, keywords={ULMS;risk attitudes;self-employment;intergenerational transmission of self-employment and risk attitudes;SOEP}, }