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Author:Halaby, C. N.
Title:Where Job Values Come From: Family and Schooling Background, Cognitive Ability, and Gender
Journal:American Sociological Review
2003 : APR, VOL. 68:2, p. 251-278
Index terms:GENDER
SOCIOLOGY
RISK
WELFARE
STRATEGY
Language:eng
Abstract:This paper develops a framework for conceptualizing preferences for different job properties in terms of a tradeoff between risk and return in the pursuit of economic welfare. Following portfolio theory, job properties are viewed as having mean-variance properties with respect to the distribution of rates of growth in economic welfare. Actors may pursue a high-return, high- risk "entrepreneurial" strategy, or a low-return, low-risk "bureaucratic" strategy. An actor's choice is determined by "entrepreneurial ability" and risk preferences, which in turn are rooted in the major dimensions of family and schooling background, cognitive ability, and gender. Findings also highlight the strong parallels between the process generating adult job values and the process of socioeconomic achievement itself.
SCIMA record nr: 250444
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