Evidence of lower risk tolerance among public sector employees in their personal financial matters

Roszkowski, Michael J.; Grable, John E.

doi:10.1348/096317908x337725

Cited by 33 publications

(22 citation statements)

References 22 publications

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“…Prosocial motivation and its relationship with employment in the public sector have been analyzed in various contexts (e.g., Zoutenbier, 2014, 2015;Georgellis et al, 2011), as well as the relationship between need for security and public sector employment (e.g., Bellante and Link, 1981;Pfeifer, 2011;Roszkowski and Grable, 2009). …”

Section: Discussionmentioning

confidence: 99%

“…Because different personality variables are only available in specific, different years (for example importance of life domains, including civic virtue and altruism, in 2004Big Five personality traits in 2005, 2009, and 2013), we use these personality information from a particular year also for the next 3 years. We never take personality variables from the future because we want to avoid reverse causality (personality influenced by later job experiences).…”

Section: Appendixmentioning

confidence: 99%

“…Several studies find positive associations between risk aversion and public sector employment (e.g., Bellante and Link, 1981;Dohmen and Falk, 2010;Pfeifer, 2011;Roszkowski and Grable, 2009). …”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Where Does the Good Shepherd Go? Civic Virtue and Sorting into Public Sector Employment

2017

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in SOEPpapers on Multidisciplinary Panel Data Research at DIW BerlinThis series presents research findings based either directly on data from the German SocioEconomic Panel study (SOEP) or using SOEP data as part of an internationally comparable data set (e.g. CNEF, ECHP, LIS, LWS, CHER/PACO). SOEP is a truly multidisciplinary household panel study covering a wide range of social and behavioral sciences: economics, sociology, psychology, survey methodology, econometrics and applied statistics, educational science, political science, public health, behavioral genetics, demography, geography, and sport science.The decision to publish a submission in SOEPpapers is made by a board of editors chosen by the DIW Berlin to represent the wide range of disciplines covered by SOEP. There is no external referee process and papers are either accepted or rejected without revision. Papers appear in this series as works in progress and may also appear elsewhere. They often represent preliminary studies and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be requested from the author directly.Any opinions expressed in this series are those of the author(s) and not those of DIW Berlin.Research disseminated by DIW Berlin may include views on public policy issues, but the institute itself takes no institutional policy positions. AbstractSeveral studies have analyzed different motives to work in the public versus private sector. Some studies focus on prosocial motivation, others focus on need for security (risk aversion). However, the study of prosocial motivation in the context of public sector employment has largely focused on altruism and neglected other forms of prosocial motivation, in particular civic virtue, the motive to contribute to the society. In addition, it is unclear whether the positive relationship between prosocial motivation and public sector employment is due to selection at the career start or socialization during the career. Our study extends the understanding of the motivational basis of public sector employment by considering civic virtue in addition to altruism and risk aversion and by investigating selection and socialization. Using a largely representative, longitudinal data set of employees in Germany including 63,101 observations of 13,673 different individuals, we find that civic virtue relates positively to public sector employment beyo...

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Section: Discussionmentioning

confidence: 99%

Section: Appendixmentioning

confidence: 99%

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Where Does the Good Shepherd Go? Civic Virtue and Sorting into Public Sector Employment

2017

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“…Reported scores were then averaged for each scale. The Rohrmann's scale has been widely used and validated in the literature for various purposes (Meertens & Lion, 2008), such as young drivers' behaviour (Hatfield & Fernandes, 2009), gender differences (Ronay & Kim, 2006), natural hazards (Bird, 2009), and employee behaviour (Roszkowski & Grable, 2009). …”

Section: Risk Propensitymentioning

confidence: 99%

Youth employment in start-up ventures in Jordan: an exploratory study

Caputo

Lombardi

Akeel

et al. 2016

IJESB

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Youth in developing countries are faced with high unemployment rates, even when they possess higher education degrees. In the developing world, small business and entrepreneurial ventures constitute the main drivers of economic development and offer employment opportunities for youth. Nevertheless, when faced with a career decision after their studies, youth seem to prefer careers in established companies over start-ups. As a consequence, start-ups find it more difficult to find and hire the right employees although they are available in the market. This study aims at examining the factors behind youth career decisions to work for a start-up company and provides suggestions for both research and practice. By relying on both entrepreneurship and career decision-making literature, we developed a theoretical model that includes background factors and individual characteristics. Results from a survey on youth graduates from Jordan show that a high school education fostered critical thinking and international exposure, the participation in entrepreneurial events and creativity, which predicted the willingness to work for a start-up.

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“…One potential reason is that the perception of risk in their organisations is low, perhaps lower than in the private sector, which is suggested by extant research (Bellante, Link, 1981;Roszkowski, Grable, 2009). However, previous research did not document risk perception relating to the participants' work environment.…”

Section: Risk Perception Of Public Sector Officersmentioning

confidence: 99%