Risk Attitude 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 Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4124.
Length: 65 pages
Date of creation: Apr 2009
Date of revision:
Publication status: published in: Empirical Economics, 2013, 44 (2), 981-1004
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Other versions of this item:
- Santi Budria & Luis Diaz-Serrano & Ada Ferrer-i-Carbonell & Joop Hartog, 2009. "Risk Attitudes and Wage Growth: Replication and Reconstruction," SOEPpapers on Multidisciplinary Panel Data Research 192, DIW Berlin, The German Socio-Economic Panel (SOEP).
- 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-2009-04-18 (All new papers)
- NEP-EDU-2009-04-18 (Education)
- NEP-LAB-2009-04-18 (Labour Economics)
- NEP-LTV-2009-04-18 (Unemployment, Inequality & Poverty)
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.:
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