Risk Attitudes and Wage Growth: Replication and Reconstruction
AbstractWe replicate Shaw (1996) who found that individual wage growth is higher for individuals with greater preference for risk taking. Expanding her dataset with more American observations and data for Germany, Spain and Italy, we find mixed support for the earlier results. We present and estimate a new model and find that in particular the wage level is sensitive to attitudes towards risk taking.
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Bibliographic InfoPaper provided by DIW Berlin, The German Socio-Economic Panel (SOEP) in its series SOEPpapers on Multidisciplinary Panel Data Research with number 192.
Length: 62 p.
Date of creation: 2009
Date of revision:
wage growth; risk; post-school investment;
Other versions of this item:
- Budría, Santiago & Diaz-Serrano, Luis & Ferrer-i-Carbonell, Ada & Hartog, Joop, 2009. "Risk Attitude and Wage Growth: Replication and Reconstruction," IZA Discussion Papers 4124, Institute for the Study of Labor (IZA).
- Díaz Serrano, Luis & Ferrer Carbonell, Ada & Hartog, Joop, 2009. "Risk Attitude And Wage Growth: Replication And Reconstruction," Working Papers 2072/42897, Universitat Rovira i Virgili, Department of Economics.
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-06-03 (All new papers)
- NEP-EDU-2009-06-03 (Education)
- NEP-LAB-2009-06-03 (Labour Economics)
- NEP-LTV-2009-06-03 (Unemployment, Inequality & Poverty)
- NEP-NEU-2009-06-03 (Neuroeconomics)
- NEP-UPT-2009-06-03 (Utility Models & Prospect Theory)
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