Year: 2013
Author: Hübler, Olaf
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 133 (2013), Iss. 1 : pp. 23–42
Abstract
This paper examines the question of whether risk aversion of prime-age workers is negatively correlated with human height to a statistically significant degree. A variety of estimation methods, tests and specifications yield robust results that permit one to answer this question in the affirmative. Hausman-Taylor panel estimates, however, reveal that height effects disappear if personality traits and skills, parents' behaviour, and interactions between environment and individual abilities appear simultaneously. Height is a good proxy for all these influences if they are not observable. Not just one factor but a combination of several traits and interaction effects can describe the time-invariant individual effect in a panel model of risk attitude.
Journal Article Details
Publisher Name: Global Science Press
Language: English
DOI: https://doi.org/10.3790/schm.133.1.23
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 133 (2013), Iss. 1 : pp. 23–42
Published online: 2013-01
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 20