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Risk aversion in the public sector workforce: the micro-level drivers of change

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Title
Risk aversion in the public sector workforce: the micro-level drivers of change
Name (type = personal)
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Lee
NamePart (type = given)
Po Chiu Ivan
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Po Chiu Ivan Lee
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author
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Van Ryzin
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Gregg
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Gregg G. Van Ryzin
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Advisory Committee
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chair
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Jilke
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Sebastian R.
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Sebastian R. Jilke
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Advisory Committee
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member
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Thompson
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Frank J.
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Frank J. Thompson
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Advisory Committee
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member
Name (type = personal)
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Porumbescu
NamePart (type = given)
Gregory A.
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Gregory A. Porumbescu
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Advisory Committee
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member
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Wright
NamePart (type = given)
Bradley E.
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Bradley E. Wright
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Advisory Committee
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member
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Rutgers University
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degree grantor
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Graduate School - Newark
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theses
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2022
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2022-05
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2022
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English
Abstract (type = abstract)
For a long-time, public sector employees have been described as “pathologically” risk averse. Research suggests that a high level of risk aversion in the public sector workforce may lead to undesirable consequences such as hindering reforms and innovations. It is therefore important to understand the factors and mechanisms that could change the level of risk aversion in the public sector. Nevertheless, the scientific inquiry on this topic is limited. This dissertation seeks to explore the mechanisms that may affect the level of risk aversion in the public sector workforce. It adopts the attraction-selection-attrition-socialization (ASAS) framework to examine two potential micro-level driving forces — namely job attraction effect and work socialization effect — that could affect the level of individuals’ risk aversion and thereby ultimately the public sector workforce. The dissertation contains three empirical essays. The first essay uses the systematic review method to identify and evaluate 26 articles published in public administration and other disciplines. The second essay reports a multistage conjoint experiment to examine whether more risk averse individuals are more attracted to the public sector, and whether job seekers consider a job’s employment sector when making job decisions. The third essay uses the 2008-2018 dataset of the German Socio-Economic Panel Study (GSOEP) and conducts a longitudinal analysis to explore whether working longer in the public sector could make individuals become more risk averse over time. The findings of the systematic review suggest that prior studies in this area did not clearly define the concept of risk and risk aversion, and that there is limited effort in exploring the antecedents of risk aversion. The findings of the conjoint experiment suggest that individuals high and low in risk aversion do not behave differently in choosing public sector employment, and they do not care about the employment sector when direct information about a job becomes available in the job search process. The findings of the longitudinal analysis partially support the hypothesis of a socialization effect. Depending on the length of a person’s total work experience, working longer in the public sector work could increase his or her level of risk aversion over time. These findings provide important insights for future research.
Subject (authority = RUETD)
Topic
Public administration
Subject (authority = RUETD)
Topic
Organizational behavior
Subject (authority = RUETD)
Topic
Economics
Subject (authority = local)
Topic
Conjoint experiment
Subject (authority = local)
Topic
Job attraction
Subject (authority = local)
Topic
Panel data analysis
Subject (authority = local)
Topic
Risk aversion
Subject (authority = local)
Topic
Socialization
Subject (authority = local)
Topic
Systematic review
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Rutgers University Electronic Theses and Dissertations
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http://dissertations.umi.com/gsn.newark.rutgers:10222
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212 pages : illustrations
Note (type = degree)
Ph.D.
Note (type = bibliography)
Includes bibliographical references
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Graduate School - Newark Electronic Theses and Dissertations
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rucore10002600001
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Identifier (type = doi)
doi:10.7282/t3-w7m1-mx21
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The author owns the copyright to this work.
RightsHolder (type = personal)
Name
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Lee
GivenName
Po Chiu Ivan
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Copyright holder
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Permission or license
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2022-06-14T15:01:10
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Po Chiu Ivan Lee
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Copyright holder
Affiliation
Rutgers University. Graduate School - Newark
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Author Agreement License
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I hereby grant to the Rutgers University Libraries and to my school the non-exclusive right to archive, reproduce and distribute my thesis or dissertation, in whole or in part, and/or my abstract, in whole or in part, in and from an electronic format, subject to the release date subsequently stipulated in this submittal form and approved by my school. I represent and stipulate that the thesis or dissertation and its abstract are my original work, that they do not infringe or violate any rights of others, and that I make these grants as the sole owner of the rights to my thesis or dissertation and its abstract. I represent that I have obtained written permissions, when necessary, from the owner(s) of each third party copyrighted matter to be included in my thesis or dissertation and will supply copies of such upon request by my school. I acknowledge that RU ETD and my school will not distribute my thesis or dissertation or its abstract if, in their reasonable judgment, they believe all such rights have not been secured. I acknowledge that I retain ownership rights to the copyright of my work. I also retain the right to use all or part of this thesis or dissertation in future works, such as articles or books.
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Copyright protected
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Open
Reason
Permission or license
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2022-05-14T00:42:10
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