Wage Compensations Due to Risk Aversion and Skewness Affection – German Evidence
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Kimball, Miles S, 1990.
"Precautionary Saving in the Small and in the Large,"
Econometrica, Econometric Society, vol. 58(1), pages 53-73, January.
- Miles S. Kimball, 1989. "Precautionary Saving in the Small and in the Large," NBER Working Papers 2848, National Bureau of Economic Research, Inc.
- Luis Diaz‐Serrano & Joop Hartog & Helena Skyt Nielsen, 2008.
"Compensating Wage Differentials for Schooling Risk in Denmark,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 110(4), pages 711-731, December.
- Diaz-Serrano, Luis & Hartog, Joop & Nielsen, Helena Skyt, 2003. "Compensating Wage Differentials for Schooling Risk in Denmark," IZA Discussion Papers 963, Institute of Labor Economics (IZA).
- Diaz-Serrano, L. & Hartog, J. & Skyt Nielsen, H., 2003. "Compensating Wage Differentials for Schooling Risk in Denmark," Economics Department Working Paper Series n1271003, Department of Economics, National University of Ireland - Maynooth.
- Peter Berkhout & Joop Hartog & Dinand Webbink, 2010. "Compensation for Earnings Risk under Worker Heterogeneity," Southern Economic Journal, John Wiley & Sons, vol. 76(3), pages 762-790, January.
- 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.
- William R. Johnson, 1977. "Uncertainty and the Distribution of Earnings," NBER Chapters, in: The Distribution of Economic Well-Being, pages 379-396, National Bureau of Economic Research, Inc.
- repec:iab:iabfda:200901(de is not listed on IDEAS
- René Fahr & Uwe Sunde, 2009.
"Did the Hartz Reforms Speed‐Up the Matching Process? A Macro‐Evaluation Using Empirical Matching Functions,"
German Economic Review, Verein für Socialpolitik, vol. 10(3), pages 284-316, August.
- Fahr René & Sunde Uwe, 2009. "Did the Hartz Reforms Speed-Up the Matching Process? A Macro- Evaluation Using Empirical Matching Functions," German Economic Review, De Gruyter, vol. 10(3), pages 284-316, August.
- 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.
- Triebs, T.P. & Kumbhakar, S.C., 2013.
"Productivity with general indices of management and technical change,"
Economics Letters, Elsevier, vol. 120(1), pages 18-22.
- Thomas Triebs & Subal C. Kumbhakar, 2012. "Productivity with General Indices of Management and Technical Change," ifo Working Paper Series 144, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Jianakoplos, Nancy Ammon & Bernasek, Alexandra, 1998. "Are Women More Risk Averse?," Economic Inquiry, Western Economic Association International, vol. 36(4), pages 620-630, October.
- Blien, Uwe & Phan thi Hong, Van & Kaufmann, Klara & Kaimer, Steffen, 2010. "20 Jahre nach dem Mauerfall: Arbeitslosigkeit in ostdeutschen Regionen," Zeitschrift für ArbeitsmarktForschung - Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 43(2), pages 125-143.
- 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.
- repec:adr:anecst:y:2003:i:71-72:p:11 is not listed on IDEAS
- René Fahr & Uwe Sunde, 2009.
"Did the Hartz Reforms Speed‐Up the Matching Process? A Macro‐Evaluation Using Empirical Matching Functions,"
German Economic Review,
Verein für Socialpolitik, vol. 10(3), pages 284-316, August.
- René Fahr & Uwe Sunde, 2009. "Did the Hartz Reforms Speed-Up the Matching Process? A Macro-Evaluation Using Empirical Matching Functions," German Economic Review, Verein für Socialpolitik, vol. 10, pages 284-316, August.
- 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.
- Moore, Michael J, 1995. "Unions, Employment Risks, and Market Provision of Employment Risk Differentials," Journal of Risk and Uncertainty, Springer, vol. 10(1), pages 57-70, January.
- Juan J. Dolado & Florentino Felgueroso & Juan F. Jimeno, 2003. "Where do Women Work Analysing Patterns in Occupational Segregation by Gender?," Annals of Economics and Statistics, GENES, issue 71-72, pages 267-292.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Shelest Olena, 2015. "Risk of Investments in Human Capital and Expected Worker Mobility," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 47(1), pages 82-106, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Wolfgang Nagl, 2012.
"Better Safe than Sorry? The Effects of Income Risk, Unemployment Risk and the Interaction of these Risks on Wages,"
ifo Working Paper Series
148, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Wolfgang Nagl, 2013. "Better safe than sorry? The effects of income risk, unemployment risk and the interaction of these risks on wages," ERSA conference papers ersa13p237, European Regional Science Association.
- Wolfgang Nagl, 2014. "Lohnrisiko und Altersarmut im Sozialstaat," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 54.
- Wolfgang Nagl, 2014. "Better Safe than Sorry? The Effects of Income Risk and Unemployment Risk on Wages," LABOUR, CEIS, vol. 28(3), pages 251-268, September.
- Grove, Wayne A. & Jetter, Michael & Papps, Kerry L., 2018. "Career Lotto: Labor Supply in Winner-Take-All Markets," IZA Discussion Papers 12012, Institute of Labor Economics (IZA).
- Schweri, Juerg & Hartog, Joop & Wolter, Stefan C., 2011.
"Do students expect compensation for wage risk?,"
Economics of Education Review, Elsevier, vol. 30(2), pages 215-227, April.
- Jürg Schweri & Stefan C. Wolter & Joop Hartog, 2008. "Do Students Expect Compensation for Wage Risk?," Economics of Education Working Paper Series 0011, University of Zurich, Department of Business Administration (IBW).
- Schweri, Jürg & Hartog, Joop & Wolter, Stefan C., 2009. "Do Students Expect Compensation for Wage Risk?," IZA Discussion Papers 4069, Institute of Labor Economics (IZA).
- Diaz-Serrano, Luis, 2005.
"On the negative relationship between labor income uncertainty and homeownership: Risk-aversion vs. credit constraints,"
Journal of Housing Economics, Elsevier, vol. 14(2), pages 109-126, June.
- Diaz-Serrano, Luis, 2004. "On the Negative Relationship between Labor Income Uncertainty and Homeownership: Risk Aversion vs. Credit Constraints," IZA Discussion Papers 1208, Institute of Labor Economics (IZA).
- Luis Diaz-Serrano, 2005. "On the Negative Relationship between Labor Income Uncertainty and Homeownership: Risk Aversion vs. Credit Constraints," Economics Department Working Paper Series n1460105, Department of Economics, National University of Ireland - Maynooth.
- Shelest Olena, 2015. "Risk of Investments in Human Capital and Expected Worker Mobility," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 47(1), pages 82-106, September.
- Grove, Wayne A. & Jetter, Michael & Papps, Kerry L., 2021. "Career lotto? Labor supply in a superstar market," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 362-376.
- Wolfgang Nagl & Michael Weber, 2014. "Unemployment compensation and unemployment duration before and after the German Hartz IV reform," ifo Working Paper Series 186, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Hartog, Joop & Vijverberg, Wim P.M., 2007. "On compensation for risk aversion and skewness affection in wages," Labour Economics, Elsevier, vol. 14(6), pages 938-956, December.
- Ulf Rinne & Klaus F Zimmermann, 2013.
"Is Germany the North Star of Labor Market Policy?,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(4), pages 702-729, December.
- Rinne, Ulf & Zimmermann, Klaus F., 2013. "Is Germany the North Star of Labor Market Policy?," IZA Discussion Papers 7260, Institute of Labor Economics (IZA).
- Stops Michael & Mazzoni Thomas, 2010. "Matchingprozesse auf beruflichen Teilarbeitsmärkten / Job Matching on Occupational Labour Markets," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 230(3), pages 287-312, June.
- Michael C. Burda, 2016. "The German Labor Market Miracle, 2003 -2015: An Assessment," SFB 649 Discussion Papers SFB649DP2016-005, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
- Kohlbrecher, Britta & Merkl, Christian & Nordmeier, Daniela, 2016.
"Revisiting the matching function,"
Journal of Economic Dynamics and Control, Elsevier, vol. 69(C), pages 350-374.
- Kohlbrecher, Britta & Merkl, Christian & Nordmeier, Daniela, 2014. "Revisiting the matching function," Kiel Working Papers 1909, Kiel Institute for the World Economy (IfW Kiel).
- Britta Kohlbrecher & Christian Merkl & Daniela Nordmeier, 2016. "Revisiting the Matching Function," CESifo Working Paper Series 5924, CESifo.
- Kohlbrecher, Britta & Merkl, Christian & Nordmeier, Daniela, 2014. "Revisiting the Matching Function," IZA Discussion Papers 8515, Institute of Labor Economics (IZA).
- Kohlbrecher, Britta & Merkl, Christian & Nordmeier, Daniela, 2014. "Revisiting the matching function," IAB-Discussion Paper 201405, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
- Kohlbrecher, Britta & Merkl, Christian & Nordmeier, Daniela, 2016. "Revisiting the matching function," FAU Discussion Papers in Economics 06/2016, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
- Bonin, Holger & Dohmen, Thomas & Falk, Armin & Huffman, David & Sunde, Uwe, 2007.
"Cross-sectional earnings risk and occupational sorting: The role of risk attitudes,"
Labour Economics, Elsevier, vol. 14(6), pages 926-937, December.
- Bonin, Holger & Dohmen, Thomas & Falk, Armin & Huffman, David B. & Sunde, Uwe, 2006. "Cross-sectional Earnings Risk and Occupational Sorting: The Role of Risk Attitudes," IZA Discussion Papers 1930, Institute of Labor Economics (IZA).
- Bonin, Holger & Dohmen, Thomas J. & Falk, Armin & Huffman, David & Sunde, Uwe, 2007. "Cross-sectional earnings risk and occupational sorting: The role of risk attitudes," Munich Reprints in Economics 20204, University of Munich, Department of Economics.
- Gadatsch, Niklas & Stähler, Nikolai & Weigert, Benjamin, 2016.
"German labor market and fiscal reforms 1999–2008: Can they be blamed for intra-euro area imbalances?,"
Journal of Macroeconomics, Elsevier, vol. 50(C), pages 307-324.
- Gadatsch, Niklas & Stähler, Nikolai & Weigert, Benjamin, 2014. "German labor market and fiscal reforms 1999 to 2008: Can they be blamed for intra-Euro Area imbalances?," Working Papers 05/2014, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
- Gadatsch, Niklas & Stähler, Nikolai & Weigert, Benjamin, 2015. "German labor market and fiscal reforms 1999 to 2008: Can they be blamed for intra-euro area imbalances?," Discussion Papers 29/2015, Deutsche Bundesbank.
- Gadatsch, Niklas & Stähler, Nikolai & Weigert, Benjamin, 2015. "German Labor Market and Fiscal Reforms 1999 to 2008: Can They be Blamed for Intra-Euro Area Imbalances?," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112960, Verein für Socialpolitik / German Economic Association.
- S. Haincourt. & M. Mogliani., 2012. "Has the 2008-2009 recession increased the structural share of unemployment in the euro area?," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 25, pages 63-80, Spring.
- José Vieira & Carolina Constância & João Teixeira, 2020.
"Education and risk compensation in wages: a quantile regression approach,"
Applied Economics Letters, Taylor & Francis Journals, vol. 27(3), pages 194-198, February.
- Vieira, José António Cabral & Constância, Carolina & Teixeira, João, 2019. "Education and Risk Compensation in Wages: A Quantile Regression Approach," IZA Discussion Papers 12237, Institute of Labor Economics (IZA).
- Klinger, Sabine & Rothe, Thomas & Weber, Enzo, 2013. "Makroökonomische Perspektive auf die Hartz-Reformen: Die Vorteile überwiegen (The Hartz reforms from a macroeconomic perspective: Positive effects predominate)," IAB-Kurzbericht 201311, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
- Florian Hoffmann & Thomas Lemieux, 2016.
"Unemployment in the Great Recession: A Comparison of Germany, Canada, and the United States,"
Journal of Labor Economics, University of Chicago Press, vol. 34(S1), pages 95-139.
- Florian Hoffmann & Thomas Lemieux, 2013. "Unemployment in the Great Recession: A Comparison of Germany, Canada, and the United States," NBER Chapters, in: Labor Markets in the Aftermath of the Great Recession, pages 95-139, National Bureau of Economic Research, Inc.
- Florian Hoffmann & Thomas Lemieux, 2014. "Unemployment in the Great Recession: A Comparison of Germany, Canada and the United States," NBER Working Papers 20694, National Bureau of Economic Research, Inc.
More about this item
JEL classification:
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifowps:_145. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/ifooode.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.