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Wage Compensations Due to Risk Aversion andSkewness Affection – German Evidence

  • Wolfgang Nagl

As 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.

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File URL: http://www.cesifo-group.de/portal/page/portal/DocBase_Content/WP/WP-Ifo_Working_Papers/wp-ifo-2012/IfoWorkingPaper-145.pdf
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Paper 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.

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Date of creation: 2012
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Handle: RePEc:ces:ifowps:_145
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  1. 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.
  2. Diaz-Serrano, L. & Hartog, J. & Skyt Nielsen, H., 2003. "Compensating Wage Differentials for Schooling Risk in Denmark," Economics, Finance and Accounting Department Working Paper Series n1271003, Department of Economics, Finance and Accounting, National University of Ireland - Maynooth.
  3. Jianakoplos, Nancy Ammon & Bernasek, Alexandra, 1998. "Are Women More Risk Averse?," Economic Inquiry, Western Economic Association International, vol. 36(4), pages 620-30, October.
  4. repec:iab:iabzaf:v:43:i:2:p:125-143 is not listed on IDEAS
  5. 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.
  6. 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.
  7. 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).
  8. Kimball, Miles S, 1990. "Precautionary Saving in the Small and in the Large," Econometrica, Econometric Society, vol. 58(1), pages 53-73, January.
  9. Fahr, René & Sunde, Uwe, 2009. "Did the Hartz Reforms Speed-Up the Matching Process? A Macro-Evaluation Using Empirical Matching Functions," Munich Reprints in Economics 20482, University of Munich, Department of Economics.
  10. 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.
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