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20. Mai 2015

SOEP Brown Bag Seminar

The Impact of Job Loss on Risk-taking

Termin

20. Mai 2015
12:30 - 13:30

Ort

Eleanor-Dulles-Raum
DIW Berlin im Quartier 110
Room 5.2.010
Mohrenstraße 58
10117 Berlin

Sprecher*innen

Clemens Hetschko (Freie Universität Berlin)

Using German panel data and plant closure as an exogenous unemployment shock, we show that job loss affects individual risk-taking in very heterogeneous ways: Those who experience involuntary job loss and quick reemployment report a significant rise in risk aversion. We also find some evidence that individuals who stay unemployed report a drop in risk aversion. In addition, we observe strong anticipation of the risk-taking effects of job loss as well as reversion of the effects over time.

Kontakt

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