TY  - RPRT
        AU  - Skriabikova, Olga
AU  - Dohmen, Thomas
AU  - Kriechel, Ben
        TI  - New Evidence on the Relationship between Risk Attitudes and Self-Employment
        PY  - 2014/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 8354
        UR  - https://www.iza.org/publications/dp8354
        AB  - 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.
        KW  - ULMS
KW  - risk attitudes
KW  - self-employment
KW  - intergenerational transmission of self-employment and risk attitudes
KW  - SOEP
        ER  -