Risk aversion and trade union membership
"In an open-shop model of trade union membership with heterogeneity in risk attitudes, a worker's relative risk aversion can affect the decision to join a trade union. Furthermore, a shift in risk attitudes can alter collective bargaining outcomes. Using German panel data (GSOEP) and three...
| Main Authors: | , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Bonn
2008
IZA |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19189640124919078229-Risk-aversion-and-trade-union-.htm |
| _version_ | 1771659892782792706 |
|---|---|
| author | Goerke, Laszlo Pannenberg, Markus |
| author_facet | Goerke, Laszlo Pannenberg, Markus |
| collection | Library items |
| description | "In an open-shop model of trade union membership with heterogeneity in risk attitudes, a worker's relative risk aversion can affect the decision to join a trade union. Furthermore, a shift in risk attitudes can alter collective bargaining outcomes. Using German panel data (GSOEP) and three novel direct measures of individual risk aversion, we find evidence of a significantly positive relationship between risk aversion and the likelihood of union membership. Additionally, we observe a negative correlation between bargained wages in aggregate and average risk preferences of union members. Our results suggest that an overall increase in risk aversion contributes to wage moderation and promotes employment." |
| format | TEXT |
| geographic | Germany |
| id | 19189640124919078229_54d18f27f7ce44b68c48aea27e9f1e04 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19189640124919078229_54d18f27f7ce44b68c48aea27e9f1e04 |
| is_hierarchy_title | Risk aversion and trade union membership |
| language | English |
| physical | 23 p. Digital |
| publishDate | 2008 |
| publisher | Bonn IZA |
| spellingShingle | Goerke, Laszlo Pannenberg, Markus collective bargaining employees attitude trade union membership Risk aversion and trade union membership |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=117916893519 |
| title | Risk aversion and trade union membership |
| topic | collective bargaining employees attitude trade union membership |
| url | https://www.labourline.org/KENTIKA-19189640124919078229-Risk-aversion-and-trade-union-.htm |