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

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F19%3A00107633" target="_blank" >RIV/00216224:14560/19:00107633 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S1090944319302704?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/pii/S1090944319302704?via%3Dihub</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.rie.2019.08.001" target="_blank" >10.1016/j.rie.2019.08.001</a>

Result language
angličtina
Original language name
Made for the job or by the job? A lab-in-the-field experiment with firefighters
Original language description
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.
Czech name
—
Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50201 - Economic Theory

Project
<a href="/en/project/GA18-19492S" target="_blank" >GA18-19492S: The Effect of Housing Conditions on Preferences and Behavior: Lab-in-the-Field Experiments with Participants of a Randomized Controlled Trial</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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