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Source: Administration and Society
Resulting in 1 citation.
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Dong, Hsiang-Kai Dennis |
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Individual Risk Preference and Sector Choice: Are Risk-Averse Individuals More Likely to Choose Careers in the Public Sector? Administration and Society 49,8 (September 2017): 1121-1142. Also: http://journals.sagepub.com/doi/abs/10.1177/0095399714556500 Cohort(s): NLSY79 Publisher: Sage Publications Keyword(s): Career Patterns; Occupational Choice; Risk-Taking Permission to reprint the abstract has not been received from the publisher. Prior research indicates that public employees are more risk averse than private employees. Little is known, however, about the causes of such differences. This study tries to examine the effects of the "self-select mechanism" and asks the following question: Do workers choose their sectors based on their risk preferences? Using data from the National Longitudinal Survey, this study finds that higher levels of risk aversion are predictive of a greater propensity to pursue careers in the public sector. Findings indicate that an individual's risk preference is the key to his or her career choices. Managerial implications and suggestions are discussed. |
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Bibliography Citation
Dong, Hsiang-Kai Dennis. "Individual Risk Preference and Sector Choice: Are Risk-Averse Individuals More Likely to Choose Careers in the Public Sector?" Administration and Society 49,8 (September 2017): 1121-1142.
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