Members of German Federal Parliament More Risk-Loving than General Population

14 Pages Posted: 20 Apr 2013

See all articles by Moritz Heß

Moritz Heß

University of Mannheim - Graduate School of Economic and Social Sciences

Christian von Scheve

Free University of Berlin (FUB)

Jürgen Schupp

German Institute for Economic Research (DIW Berlin); Institute for Sociology, Freie Universität; The Institute for the Study of Labor (IZA)

Gert G. Wagner

German Institute for Economic Research (DIW Berlin); Berlin University of Technology; German Socio-Economic Panel Study (SOEP)

Date Written: March 2013

Abstract

The article analyzes the question of whether career politicians differ systematically from the general population in terms of their attitudes toward risk. A written survey of members of the 17th German Bundestag in late 2011 identified their risk attitudes, and the survey data was set in relation to respondents to the German Socio-Economic Panel Study (SOEP) for the survey year 2009 (2002 through 2012). Compared with the population surveyed in the SOEP, members of the German parliament display a considerably higher general risk appetite, which is highly significant. For different areas of risk, last surveyed in the SOEP in 2009, the members of parliament had significantly stronger risk-loving attitudes across virtually all indicators and risk categories surveyed than the comparison groups of SOEP respondents.

Keywords: political decision-making, risk aversion, German parliament, SOEP

JEL Classification: D71, D78, H11, H70, P16, Z13

Suggested Citation

Heß, Moritz and Scheve, Christian von and Schupp, Juergen and Wagner, Gert G., Members of German Federal Parliament More Risk-Loving than General Population (March 2013). SOEPpaper No. 546. Available at SSRN: https://ssrn.com/abstract=2253836 or http://dx.doi.org/10.2139/ssrn.2253836

Moritz Heß

University of Mannheim - Graduate School of Economic and Social Sciences

D7, 27
Mannheim, 68131
Germany

Christian von Scheve (Contact Author)

Free University of Berlin (FUB) ( email )

Van't-Hoff-Str. 8
Berlin, Berlin 14195
Germany

Juergen Schupp

German Institute for Economic Research (DIW Berlin) ( email )

Mohrenstraße 58
Berlin, D-10117
Germany
+49 30 8 978 9238 (Phone)
+49 30 8 978 9109 (Fax)

HOME PAGE: http://www.diw.de/deutsch/das_institut/mitarbeiter/innen/26652.html?uid=jschupp

Institute for Sociology, Freie Universität ( email )

Garystr. 55
I
Berlin, D-14195
Germany

HOME PAGE: http://www.polsoz.fu-berlin.de/soziologie/mitarbeiter/b_hochschullehrer/schupp.html

The Institute for the Study of Labor (IZA) ( email )

P.O. Box 7240
Bonn, D-53072
Germany

HOME PAGE: http://www.iza.org/index_html?lang=de&mainframe=http%3A//www.iza.org/de/webcontent/personnel/fellows

Gert G. Wagner

German Institute for Economic Research (DIW Berlin) ( email )

Mohrenstraße 58
Berlin, 10117
Germany
+49 30 8 978 9290 (Phone)
+49 30 8 978 9200 (Fax)

HOME PAGE: http://www.diw.de/programme/jsp/MA.jsp?language=en&uid=gwagner

Berlin University of Technology ( email )

Straße des 17
Berlin, 10623
Germany
+30 8 978 9283 (Phone)

German Socio-Economic Panel Study (SOEP) ( email )

DIW Berlin
10108 Berlin, Berlin
Germany
+49 30 8978 9290 (Phone)
+49 30 8978 9109 (Fax)

HOME PAGE: http://www.diw/en/soep

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