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Wages as Risk Compensation in Germany

Author

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  • Grund, Christian

    (RWTH Aachen University)

Abstract

The theory of compensating wage differentials is generally accepted. Still, there has been no strong or even contrary evidence for compensating wage differentials in Germany so far. Estimating wage regressions with data of the German Socio-Economic Panel (GSOEP) within individually perceived hazards of work accidents as a risk variable, evidence for compensating wage differentials in Germany is found even though other effects may partly weaken the existing wage premiums due to risks at work.

Suggested Citation

  • Grund, Christian, 2000. "Wages as Risk Compensation in Germany," IZA Discussion Papers 221, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp221
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    References listed on IDEAS

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    1. Alan Barrett & Philip J. O’Connell, 2001. "Is There a Wage Premium for Returning Irish Migrants?," The Economic and Social Review, Economic and Social Studies, vol. 32(1), pages 1-21.
    2. Josef Zweimueller & Rudolf Winter-Ebmer, "undated". "Firm-specific Training: Consequences for Job Mobility," IEW - Working Papers 037, Institute for Empirical Research in Economics - University of Zurich.
    3. Kugler, Adriana & Saint-Paul, Gilles, 2000. "Hiring and Firing Costs, Adverse Selection and Long-term Unemployment," IZA Discussion Papers 134, Institute of Labor Economics (IZA).
    4. Bell, David N.F. & Hart, Robert A. & Hübler, Olaf & Schwerdt, Wolfgang, 2000. "Paid and Unpaid Overtime Working in Germany and the UK," IZA Discussion Papers 133, Institute of Labor Economics (IZA).
    5. Chiswick, Barry R., 1999. "Are Immigrants Favorably Self-Selected? An Economic Analysis," Working Papers 147, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
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    Cited by:

    1. Adriana Barone & Annamaria Nese, 2003. "On the Job Health Risks: Workers' Beliefs and Individual Work Experiences," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 62(1), pages 125-144, April.
    2. Matthew Cole & Robert Elliott & Joanne Lindley, 2009. "Dirty money: Is there a wage premium for working in a pollution intensive industry?," Journal of Risk and Uncertainty, Springer, vol. 39(2), pages 161-180, October.

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    More about this item

    Keywords

    wage regressions; Compensating wage differentials; work accidents;
    All these keywords.

    JEL classification:

    • J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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