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Risk Aversion and Trade‐Union Membership

Identifieur interne : 000762 ( Main/Exploration ); précédent : 000761; suivant : 000763

Risk Aversion and Trade‐Union Membership

Auteurs : Laszlo Goerke [Allemagne] ; Markus Pannenberg [Allemagne]

Source :

RBID : ISTEX:6213D0FC2695A996B26EE8ED9FC8D92287150C6A

English descriptors

Abstract

If trade unions provide only their members with insurance against income variations, as a private good, this insurance will provide a stronger incentive for more risk‐averse employees to become union members. Using data from the German Socio‐Economic Panel (SOEP) and various direct measures of individual risk attitudes, we find robust evidence of a positive relationship between risk aversion and the likelihood of union membership for full‐time employees. This association is particularly strong for males and in West Germany.

Url:
DOI: 10.1111/j.1467-9442.2012.01694.x


Affiliations:


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