Occupational Choice, Risk Aversion, and Wealth

Abstract

这项研究假设，一个职业的收入分配越大，选择该职业的人面临的收入风险就越大。根据风险承受理论，作者检验了以下假设：风险较高的职业必须为进入者提供更高的预期收入，家庭财富较大的个人将选择风险较高的工作。对1960年人口普查和人才项目研究数据的分析证实了这些问题This study assumes that the greater the dis- persion of income within an occupation, the greater the income risks facing anyone selecting that occupation. Drawing on the theory of risk- bearing, the author tests the hypotheses that riskier occupations must offer entrants greater expected income, and individuals with greater family wealth will choose riskier occupations. An analysis of data from the 1960 Census and the Project Talent study confirms these hy- potheses