A study:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2457000
Seems plausible. Other variables may be at play.
Poor people tend to cheat more often than rich people.
Was that ever really in dispute?
sez who?
A study:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2457000
Seems plausible. Other variables may be at play.
Poor people tend to cheat more often than rich people.
Was that ever really in dispute?
A study:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2457000
Seems plausible. Other variables may be at play.
Poor people tend to cheat more often than rich people.
Was that ever really in dispute?
A study:
From 1961 to 1989, the Berlin Wall divided one nation into two distinct political regimes. We exploited this natural experiment to investigate whether the socio-political context impacts individual honesty. Using an abstract die-rolling task, we found evidence that East Germans who were exposed to socialism cheat more than West Germans who were exposed to capitalism.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2457000
Seems plausible. Other variables may be at play. [Emphasis added.]
But still - the risk of losing my job is the only risk I face. If my company does well, I get paid my salary; if the company does poorly, I still get paid my salary. My income is stable regardless of how well or poorly the company performs, until it reaches an extreme. That stability of income is worth a lot to me.
If I were an owner, then my income would wax and wane with the performance of the company. My income would be unstable. That's a risk that I don't want. I don't want that instability in my income. I have fixed expenses and I have fixed investments. I don't want to have to worry about not being able to pay my mortgage. That's something that causes me serious stress. And I make a pretty good living. I can't imagine that someone who earns less than I do would be at all willing to trade a stable income in return for more decision-making power. I don't think that the instability and uncertainty would be worth the power to them.
Being risk averse doesn't equate to being lazy. I'm far from lazy, and I care very much about my life. I find it rather offensive that you assume that because I don't seek power and ownership means I'm lazy and I don't care. That's not it at all. I'm just risk averse, and I don't want the uncertainty that comes with ownership.