Public sector employees: Risk averse and altruistic?

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2012
Volume: 83
Issue: 3
Pages: 279-291

Authors (4)

Buurman, Margaretha (not in RePEc) Delfgaauw, Josse (Erasmus Universiteit Rotterdam) Dur, Robert (Erasmus Universiteit Rotterdam) Van den Bossche, Seth (not in RePEc)

Score contribution per author:

0.505 = (α=2.02 / 4 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We assess whether public sector employees have a stronger inclination to serve others and are more risk averse than employees in the private sector. A unique feature of our study is that we use revealed rather than stated preferences data. Respondents of a large-scale survey were offered a substantial reward and could choose between a widely redeemable gift certificate, a lottery ticket, or making a donation to a charity. Our analysis shows that public sector employees are significantly less likely to choose the risky option (lottery) and, at the start of their career, significantly more likely to choose the pro-social option (charity). However, when tenure increases, this difference in pro-social inclinations disappears and, later on, even reverses. Further, our results suggest that quite a few public sector employees do not contribute to charity because they feel that they already contribute enough to society at work for too little pay.

Technical Details

RePEc Handle
repec:eee:jeborg:v:83:y:2012:i:3:p:279-291
Journal Field
Theory
Author Count
4
Added to Database
2026-01-25