German Socioeconomic Panel (SOEP)

BG Benno Guenther
MG Matteo M. Galizzi
JS Jet G. Sanders
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Similar to the DOSPERT, the German Socioeconomic Panel (SOEP) measures risk tolerance using a number of self-reported questions on a Likert scale in different domains (Wagner et al., 2011). The SOEP, however, directly asks participants to indicate their “willingness to take risks” in general as well as additionally in five specific contexts (driving a car, financial matters, sport and leisure, career, and health) using a Likert scale from 0 to 10.

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