Risk Attitude And Wage Growth: Replication And Reconstruction


Autoria(s): Díaz Serrano, Luis; Ferrer Carbonell, Ada; Hartog, Joop
Contribuinte(s)

Universitat Rovira i Virgili. Departament d'Economia

Data(s)

2009

Resumo

We 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. Comments given at the Labour Economics Conference in honour of Niels Westergaard (Nyborg, August 2008) and EALE 2008 (Amsterdam) and at seminars in Maastricht,Reus and Essen (RWI) are gratefully acknowledged. The authors also acknowledge financial support from the Spanish Ministry of Science and Innovation (grant number SEJ2007-66318) and from the Barcelona Economics Program of CREA. JEL code: J24; J30. Key words: wage growth, risk, post-school investment.

Formato

65

581913 bytes

application/pdf

Identificador

http://hdl.handle.net/2072/42897

Idioma(s)

eng

Relação

Documents de treball del Departament d'Economia;2009-15

Direitos

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Palavras-Chave #Salaris #Ocupació, Cerca d' #Promoció professional #331 - Treball. Relacions laborals. Ocupació. Organització del treball
Tipo

info:eu-repo/semantics/workingPaper