Self-employment and risk aversion - Evidence from psychological test data

Jesper Ekelund, Edvard Johansson, Marjo-Riitta Järvelin, Dirk Lichtermann

Forskningsoutput: TidskriftsbidragArtikelVetenskapligPeer review

124 Citeringar (Scopus)

Sammanfattning

This paper investigates the effect of risk aversion on an individual's probability of being self-employed by using psychometric data from a large, population-based cohort of Finns born in 1966. We found that our measure of risk aversion, a facet of a basic temperament dimension, harm avoidance, has a significant negative effect on self-employment status. Since this measure is directly derived from a highly valid biosocial theory of normal personality variation (Arch. Gen. Psychiatry 44 (1987) 573) whose scalable dimensions manifest well before adulthood and remain stabile over lifetime, we argue that risk aversion is a psychological factor causative of the choice to become self-employed.
OriginalspråkEngelska
Referentgranskad vetenskaplig tidskriftLabour economics
Volym12
Utgåva5
Sidor (från-till)649-659
Antal sidor11
ISSN0927-5371
DOI
StatusPublicerad - 10.2005
MoE-publikationstypA1 Originalartikel i en vetenskaplig tidskrift

Nyckelord

  • 511 Nationalekonomi

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