Risky business: an analysis of teacher risk preferences

被引:17
作者
Bowen, Daniel H. [1 ]
Buck, Stuart [1 ]
Deck, Cary [2 ]
Mills, Jonathan N. [1 ]
Shuls, James V. [1 ]
机构
[1] Univ Arkansas, Dept Educ Reform, Fayetteville, AR 72701 USA
[2] Univ Arkansas, Dept Econ, Fayetteville, AR 72701 USA
关键词
teacher characteristics; education; experimental economics;
D O I
10.1080/09645292.2014.966062
中图分类号
G40 [教育学];
学科分类号
040101 ; 120403 ;
摘要
A range of proposals aim to reform teacher compensation, recruitment, and retention. Teachers have generally not embraced these policies. One potential explanation for their objections is that teachers are relatively risk averse. We examine this hypothesis using a risk-elicitation task common to experimental economics. By comparing preferences of new teachers with those entering other professions, we find that individuals choosing to teach are significantly more risk averse. This suggests that the teaching profession may attract individuals who are less amenable to certain reforms. Policy-makers should take into account teacher risk characteristics when considering reforms that may clash with preferences.
引用
收藏
页码:470 / 480
页数:11
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