Time-varying individual risk attitudes over the Great Recession: A comparison of Germany and Ukraine
We use the panel data of the German Socio-Economic Panel (SOEP) and of the Ukrainian Longitudinal Monitoring Survey (ULMS) to investigate whether risk attitudes have primary (exogenous) determinants that are valid in different stages of economic development and in a different structural context, com...
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| Veröffentlicht in: | Journal of Comparative Economics 2016-02, Vol.44 (1), p.182-200 |
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| container_title | Journal of Comparative Economics |
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| creator | Dohmen, Thomas Lehmann, Hartmut Pignatti, Norberto |
| description | We use the panel data of the German Socio-Economic Panel (SOEP) and of the Ukrainian Longitudinal Monitoring Survey (ULMS) to investigate whether risk attitudes have primary (exogenous) determinants that are valid in different stages of economic development and in a different structural context, comparing a mature capitalist economy and a transition economy. We then analyze the stability of the risk measures over time. Between 2007 and 2012 we have the Great Recession, which had a mild impact in the German labor market while it had a more profound impact on the Ukrainian labor market. This enables us to investigate whether and how the crisis impacted on the risk attitudes in the two countries. By focusing on self-employment we also investigate whether the reduced willingness to take risks as a consequence of the Great Recession affects labor market dynamics and outcomes. |
| doi_str_mv | 10.1016/j.jce.2015.10.002 |
| format | Article |
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We then analyze the stability of the risk measures over time. Between 2007 and 2012 we have the Great Recession, which had a mild impact in the German labor market while it had a more profound impact on the Ukrainian labor market. This enables us to investigate whether and how the crisis impacted on the risk attitudes in the two countries. 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We then analyze the stability of the risk measures over time. Between 2007 and 2012 we have the Great Recession, which had a mild impact in the German labor market while it had a more profound impact on the Ukrainian labor market. This enables us to investigate whether and how the crisis impacted on the risk attitudes in the two countries. By focusing on self-employment we also investigate whether the reduced willingness to take risks as a consequence of the Great Recession affects labor market dynamics and outcomes.</description><subject>Attitudes</subject><subject>Comparative analysis</subject><subject>Consumer attitudes</subject><subject>Economic conditions</subject><subject>Economic development</subject><subject>Germany</subject><subject>Great Recession</subject><subject>Labor market</subject><subject>Labor market outcomes</subject><subject>Recessions</subject><subject>Risk</subject><subject>Risk attitudes</subject><subject>Time variation</subject><subject>Ukraine</subject><issn>0147-5967</issn><issn>1095-7227</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2016</creationdate><recordtype>article</recordtype><recordid>eNp9kE1LAzEQhoMoWD9-gLeAFy9bM2mTdPUkolUQBGnPIU1mNWs3qcluwX9vSj158DTM8LzDzEPIBbAxMJDX7bi1OOYMROnHjPEDMgJWi0pxrg7JiMFUVaKW6pic5NwyBiAkGxG38B1WW5O-fXinPji_9W4wa5p8_qSm730_OMw0bjHR_gPpPKHp6RtazNnHcEPvqI3dxhQ-BhobOsfUmfBNTXB0-ZmMD3hGjhqzznj-W0_J8vFhcf9UvbzOn-_vXio7lbKv-Az4RKwcWrGaoJNMzKDm4KaSu5VrhARjEeoagTeonODOWcZRwQrR1VOYnJKr_d5Nil8D5l53Pltcr03AOGQNalY8cAGsoJd_0DYOKZTrCiWVZLyeqELBnrIp5pyw0ZvkuyJLA9M777rVxbveed-NiveSud1nsHy69Zh0th6DRecT2l676P9J_wCdLosF</recordid><startdate>20160201</startdate><enddate>20160201</enddate><creator>Dohmen, Thomas</creator><creator>Lehmann, Hartmut</creator><creator>Pignatti, Norberto</creator><general>Elsevier Inc</general><general>Elsevier BV</general><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>20160201</creationdate><title>Time-varying individual risk attitudes over the Great Recession: A comparison of Germany and Ukraine</title><author>Dohmen, Thomas ; Lehmann, Hartmut ; Pignatti, Norberto</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c466t-281235bdec5b3ed60581921d462dbdf561ace199e12fe7d52ddc02e71beed9413</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2016</creationdate><topic>Attitudes</topic><topic>Comparative analysis</topic><topic>Consumer attitudes</topic><topic>Economic conditions</topic><topic>Economic development</topic><topic>Germany</topic><topic>Great Recession</topic><topic>Labor market</topic><topic>Labor market outcomes</topic><topic>Recessions</topic><topic>Risk</topic><topic>Risk attitudes</topic><topic>Time variation</topic><topic>Ukraine</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Dohmen, Thomas</creatorcontrib><creatorcontrib>Lehmann, Hartmut</creatorcontrib><creatorcontrib>Pignatti, Norberto</creatorcontrib><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Journal of Comparative Economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Dohmen, Thomas</au><au>Lehmann, Hartmut</au><au>Pignatti, Norberto</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Time-varying individual risk attitudes over the Great Recession: A comparison of Germany and Ukraine</atitle><jtitle>Journal of Comparative Economics</jtitle><date>2016-02-01</date><risdate>2016</risdate><volume>44</volume><issue>1</issue><spage>182</spage><epage>200</epage><pages>182-200</pages><issn>0147-5967</issn><eissn>1095-7227</eissn><abstract>We use the panel data of the German Socio-Economic Panel (SOEP) and of the Ukrainian Longitudinal Monitoring Survey (ULMS) to investigate whether risk attitudes have primary (exogenous) determinants that are valid in different stages of economic development and in a different structural context, comparing a mature capitalist economy and a transition economy. 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| subjects | Attitudes Comparative analysis Consumer attitudes Economic conditions Economic development Germany Great Recession Labor market Labor market outcomes Recessions Risk Risk attitudes Time variation Ukraine |
| title | Time-varying individual risk attitudes over the Great Recession: A comparison of Germany and Ukraine |
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