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Article Dans Une Revue Applied Economics Année : 2021

Do sources of money matter in risk-taking behaviour?

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Luc Meunier
  • Fonction : Auteur
Sima Ohadi
  • Fonction : Auteur


Assuming that money is fungible, income and wealth affect risk aversion. In the present study, we investigate whether the source of money affects risk-related decision-making. We use the percentage of temporary income and sources of income to capture the heterogeneity of risk-taking behaviour. The results indicate the significant and robust role of the temporary portion of income in explaining risk-taking behaviour: a 1% increase in temporary income corresponds to up to a 12.7% increase in risk-taking. Furthermore, having multiple sources of money is associated with greater risk-taking, and the origin of money matters with regards to risk-taking.
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Dates et versions

hal-03400444 , version 1 (25-10-2021)



Jean-François Gajewski, Luc Meunier, Sima Ohadi. Do sources of money matter in risk-taking behaviour?. Applied Economics, 2021, pp.1-24. ⟨10.1080/00036846.2021.1963412⟩. ⟨hal-03400444⟩
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