Linking risk aversion and type of employment

Mauro, Carmela Di; Musumeci, Rosy

doi:10.1016/j.socec.2010.12.001

Cited by 20 publications

(14 citation statements)

References 16 publications

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“…However, it is statistically significant that there is a mean positive relationship with the alienation point average. The results of the current research are like those of the literature (Di Mauro and Musumeci, 2011;Rothmann and Cooper, 2008).…”

Section: Conclusion and Discussionsupporting

confidence: 88%

Impact of Internet Channel on the Service Cannibalization Perception and the Role of Relative Capital

Acar¹,

Gökkaya²,

Koçoğlu³

2018

bmij

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The purpose of this study is to examine the perceptions of sales agent representatives’ service cannibalization and its possible outcomes (effort, job satisfaction, job performance and job alienation) resulting from ICT especially internet adoption as an alternative distributional channel in tourism industry. In addition, causal relationships between these possible outcomes have been tried to be revealed. According to field studies carried out in 2016 with 387 group A sales representatives working in travel agencies that are members of TÜRSAB located in the European side of Istanbul, it was determined that the relational capital levels of the sales representatives were relatively low while the service cannibalization perceptions reached a moderate result. A regression analysis was conducted to test hypotheses established in the theoretical and framework of the research. Service cannibalization has been identified as a predictor of effort, job satisfaction, job performance and job alienation. Another result reached through the study is that the level of relational capital as a partial mediator between sales agent’s service cannibalization perception and its outcomes. At the end of the work, various suggestions were made to Travel Agencies.

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Section: Conclusion and Discussionsupporting

confidence: 88%

Impact of Internet Channel on the Service Cannibalization Perception and the Role of Relative Capital

Acar¹,

Gökkaya²,

Koçoğlu³

2018

bmij

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“…Bonin et al (2007) use data from representative sample of the German population to show that self-assessment of risk attitudes 10 is correlated with cross-sectional variations in earnings. Di Mauro and Musumeci (2011) find similar results for a sample of 258 Italians aged between 25 and 40. If risk preferences are set and do not change during a worker's life, these findings can be explained by the self-selection of workers into jobs according to their risk attitudes.…”

Section: Introductionsupporting

confidence: 64%

Made for the job or by the job? A lab-in-the-field experiment with firefighters

Krčál

Staněk

Slanicay

2019

Research in Economics

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A large body of evidence supports a negative association between risk aversion of workers and the level of risk they face in their occupations. This relationship could be explained by the self-selection of workers into jobs according to their risk preferences or by the effect on risk attitudes of occupations in which people face or witness dangerous situations. We use incentivized experiments to measure risk preferences among three different groups: experienced firefighters, novice firefighters, and students. We find that experienced firefighters are less riskaverse than novice firefighters, and these in turn are less risk-averse than students. The effects remain significant even after controlling for other relevant differences between these groups. Our findings suggest that the observed relationship between risk aversion and high-risk occupations is not only a result of self-selection but also of people's preferences being shaped by their work lives.Abstract A large body of evidence supports a negative association between risk aversion of workers and the level of risk they face in their occupations. This relationship could be explained by the self-selection of workers into jobs according to their risk preferences or by the effect on risk attitudes of occupations in which people face or witness dangerous situations. We use incentivized experiments to measure risk preferences among three different groups: experienced firefighters, novice firefighters, and students. We find that experienced firefighters are less risk-averse than novice firefighters, and these in turn are less risk-averse than students. The effects remain significant even after controlling for other relevant differences between these groups. Our findings suggest that the observed relationship between risk aversion and high-risk occupations is not only a result of self-selection but also of people's preferences being shaped by their work lives.

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“…We are also aware that our risk aversion measure may be subject to criticism. In fact, although other studies have found it to be predictive of other labor market and personal decisions, it is a measure that may be more suitable to assess financial decisions. It may not be the best instrument to capture a general coefficient of people risk aversion, and may fail to appropriately measure risk aversion in the more specific context of health decisions .…”

Section: Discussionmentioning

confidence: 99%

Workers’ Risk Tolerance and Occupational Injuries

Galizzi

Tempesti

2015

Risk Analysis

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This study explores the relationship between individuals' risk tolerance and occupational injuries. We analyze data from a national representative survey of U.S. workers that includes information about injuries, risk tolerance, cognitive and noncognitive attributes, and risky behaviors. We measure risk tolerance through questions regarding individuals' willingness to gamble on their lifetime income. We estimate zero-inflated count models to assess the role played by such measures on workers' recurrent injuries. We discuss some implications of our results for future research and occupational safety policies. Our results highlight the concurrent and changing role played by individual, work, and environmental factors in explaining recurrent incidents. They show that risk tolerance affects recurrent injuries, although not in the direction that proponents of the concept of proneness would expect. Our measure of risk aversion shows that individuals who are somewhat more risk tolerant have fewer recurrent injuries than those who are risk averse. But the estimated relationship is U-shaped, not monotonic and, therefore, not easy to predict. At the same time, we find that individuals' "revealed risk preferences"-specific risky behaviors-are related to higher injury probabilities. Demanding working conditions, measures of socioeconomic status, health, and safety problems experienced by workers during their youth remain among the most important factors explaining the phenomena of recurrent injuries. So our results contribute also to the important debate about the relationship between health and socioeconomic status.

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Linking risk aversion and type of employment

Cited by 20 publications

References 16 publications

Impact of Internet Channel on the Service Cannibalization Perception and the Role of Relative Capital

Impact of Internet Channel on the Service Cannibalization Perception and the Role of Relative Capital

Made for the job or by the job? A lab-in-the-field experiment with firefighters

Workers’ Risk Tolerance and Occupational Injuries

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