Wage Compensations Due to Risk Aversion andSkewness Affection – German Evidence
AbstractAs a new approach we study individual wage compensations due to income risksmeasured by the variance and skewness of the wage distributions in different occupational groups. Using German administrative panel data and estimating a fixed effects model we confirm the expected positive effect of the variance and the negative effect ofthe skewness on individual wages.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Ifo Institute for Economic Research at the University of Munich in its series Ifo Working Paper Series with number Ifo Working Paper No. 145.
Date of creation: 2012
Date of revision:
Wage compensation; income risk;
Find related papers by JEL classification:
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kimball, Miles S, 1990.
"Precautionary Saving in the Small and in the Large,"
Econometrica, Econometric Society,
Econometric Society, vol. 58(1), pages 53-73, January.
- Miles S. Kimball, 1989. "Precautionary Saving in the Small and in the Large," NBER Working Papers 2848, National Bureau of Economic Research, Inc.
- Bernd Gorzig & Martin Gornig & Ramona Voshage & Axel Werwatz, 2010. "Eastern Germany on the brink of closing the productivity gap? Firm level evidence from manufacturing," Post-Communist Economies, Taylor & Francis Journals, vol. 22(4), pages 499-511.
- Jianakoplos, Nancy Ammon & Bernasek, Alexandra, 1998. "Are Women More Risk Averse?," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 36(4), pages 620-30, October.
- Triebs, T.P. & Kumbhakar, S.C., 2013.
"Productivity with general indices of management and technical change,"
Elsevier, vol. 120(1), pages 18-22.
- Thomas Triebs & Subal C. Kumbhakar, 2012. "Productivity with General Indices ofManagement and Technical Change," Ifo Working Paper Series Ifo Working Paper No. 144, Ifo Institute for Economic Research at the University of Munich.
- RenÃ© Fahr & Uwe Sunde, 2009. "Did the Hartz Reforms Speed-Up the Matching Process? A Macro-Evaluation Using Empirical Matching Functions," German Economic Review, Verein fÃ¼r Socialpolitik, Verein fÃ¼r Socialpolitik, vol. 10, pages 284-316, 08.
- repec:iab:iabzaf:v:43:i:2:p:125-143 is not listed on IDEAS
- Fahr, RenÃ© & Sunde, Uwe, 2009. "Did the Hartz Reforms Speed-Up the Matching Process? A Macro-Evaluation Using Empirical Matching Functions," Munich Reprints in Economics, University of Munich, Department of Economics 20482, University of Munich, Department of Economics.
- Allan G. King, 1974. "Occupational choice, risk aversion, and wealth," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 27(4), pages 586-596, July.
- Joop Hartog & Erik Plug & Luis Diaz Serrano & Jose Vieira, 2003. "Risk compensation in wages – a replication," Empirical Economics, Springer, vol. 28(3), pages 639-647, July.
- Berkhout, Peter & Hartog, Joop & Webbink, Dinand, 2006.
"Compensation for Earnings Risk under Worker Heterogeneity,"
IZA Discussion Papers
2074, Institute for the Study of Labor (IZA).
- Peter Berkhout & Joop Hartog & Dinand Webbink, 2010. "Compensation for Earnings Risk under Worker Heterogeneity," Southern Economic Journal, Southern Economic Association, vol. 76(3), pages 762-790, January.
- Luis Diaz-Serrano & Joop Hartog & Helena Skyt Nielsen, 2008.
"Compensating Wage Differentials for Schooling Risk in Denmark,"
Scandinavian Journal of Economics,
Wiley Blackwell, vol. 110(4), pages 711-731, December.
- Diaz-Serrano, Luis & Hartog, Joop & Nielsen, Helena Skyt, 2003. "Compensating Wage Differentials for Schooling Risk in Denmark," IZA Discussion Papers 963, Institute for the Study of Labor (IZA).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Julio Saavedra).
If references are entirely missing, you can add them using this form.