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- W752454296 abstract "This dissertation consists of four essays on risk aversion and labor markets. The first chapter explores the role risk aversion plays in the gender wage gap in Korea. The second chapter is about an experiment which investigates how monitoring works on shirking behavior with risk aversion. The last two chapters discuss the instability of risk aversion in responding to various shocks such as income, health, and also education. In the second chapter, risk aversion was used as a factor to choose between the private and the public sectors. We use to do so Korean labor market data. As female workers are observed to choose to work in the public sector more often than male workers, we tried to link the fact that women are in general more risk averse and that risk-averse individuals tend to choose the public sector for its security. With this selection, the gender wage gap observed in a raw Mincerian equation is biased. By controlling for the self-selection into sectors, we could correct the wage equation for both male and female workers using the switching regression and polychotomous selection models. After we corrected for the selection, the gender wage gap has sharply dropped, suggesting that the gender wage gap comes not only from the market discrimination, but also from women's self-selection into the public sector where the wage is generally lower. The third chapter explores the impact of monitoring on risk-averse workers' shirking behavior through an experiment. Based on the rational cheater model, we built a theoretical model of « incentive», which describes the mechanisms explaining why risk-averse people are less likely to shirk. The model relaxes the assumption of agents being risk neutral, and investigates changes of effort as monitoring varies. The simulation results show that (1) the incentive for shirking decreases as risk aversion increases and (2) risk-averse agents would be less likely to shirk when the probability of getting caught increases (i. E. Monitoring increases) and hence would be more likely to provide the desired level of effort…" @default.
- W752454296 created "2016-06-24" @default.
- W752454296 creator A5067396632 @default.
- W752454296 date "2014-01-01" @default.
- W752454296 modified "2023-09-25" @default.
- W752454296 title "Essais sur l'Économie du Travail et l'Aversion au Risque" @default.
- W752454296 hasPublicationYear "2014" @default.
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