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Attitudes Toward Economic Risk and Occupational Choice
Author(s) -
Le Anh T.,
Miller Paul W.,
Slutske Wendy S.,
Martin Nicholas G.
Publication year - 2014
Publication title -
industrial relations: a journal of economy and society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.61
H-Index - 57
eISSN - 1468-232X
pISSN - 0019-8676
DOI - 10.1111/irel.12054
Subject(s) - demographic economics , minor (academic) , differential (mechanical device) , economics , disposition , labour economics , psychology , social psychology , political science , aerospace engineering , law , engineering
This paper examines the effects of attitudes toward economic risk on occupational choice. Workers with a more favourable disposition toward economic risk have a higher probability of being employed in the more prestigious, high‐paying Professional and Administrative occupations. Potential biases associated with omitted genetic and family background factors are considered. The marked differential in attitudes toward economic risk between males and females, however, makes only a minor contribution to the considerable occupational segregation on the basis of gender in the contemporary Australian labor market.