ERIC Number: EJ1054665
Record Type: Journal
Publication Date: 2015
Abstractor: As Provided
Reference Count: 32
Risky Business: An Analysis of Teacher Risk Preferences
Bowen, Daniel H.; Buck, Stuart; Deck, Cary; Mills, Jonathan N.; Shuls, James V.
Education Economics, v23 n4 p470-480 2015
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.
Descriptors: Risk, Preferences, Economics, Preservice Teachers, Student Surveys, Graduate Students, Business Administration Education, Law Students, Comparative Analysis, Regression (Statistics)
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A