Risk aversion and rising wage inequality
We propose a model in which, as incomes grow, workers become less risk-averse and move from ﬁxed-wage contracts to variable pay. This can explain the recent increase in wage dispersion between groups, within groups, and over the lifecycle.
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|Date of creation:||Sep 2002|
|Date of revision:|
|Publication status:||Published in Economics Letters, 2002, Vol. 77, no. 1|
|Contact details of provider:|| Web page: http://www.dauphine.fr/en/welcome.html|
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