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Risk compensation in wages – a replication


  • Joop Hartog
  • Erik Plug
  • Luis Diaz Serrano
  • Jose Vieira


We use data from Germany, The Netherlands, Portugal and Spain to test for the effect of earnings variation on individual earnings. We replicate estimates for the USA and find that the variance of earnings in an occupation affects individual wages positively while the skewness of earnings has a negative effect. Both results are in conformity with wage compensation for risk averse workers. Copyright Springer-Verlag Berlin Heidelberg 2003

Suggested Citation

  • 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.
  • Handle: RePEc:spr:empeco:v:28:y:2003:i:3:p:639-647 DOI: 10.1007/s001810200150

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    References listed on IDEAS

    1. Laitinen, Kenneth, 1978. "Why is demand homogeneity so often rejected?," Economics Letters, Elsevier, vol. 1(3), pages 187-191.
    2. Jon P. Nelson, 1999. "Broadcast Advertising and U.S. Demand for Alcoholic Beverages," Southern Economic Journal, Southern Economic Association, vol. 65(4), pages 774-790, April.
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    JEL code: J3; D8;

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty


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