Risk attitude and wage growth: replication and reconstruction

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.

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Year of publication:	2009
Authors:	Budría, Santiago ; Diaz-Serrano, Luis ; Ferrer-i-Carbonell, Ada ; Hartog, Joop
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	Lohnniveau \| Risikopräferenz \| Bildungsinvestition \| Bildungsertrag \| USA \| Deutschland \| Spanien \| Italien \| Wage growth \| risk \| post-school investment

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Series:	IZA Discussion Papers ; 4124
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	599381825 [GVK] hdl:10419/35459 [Handle]
Classification:	J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; J30 - Wages, Compensation, and Labor Costs. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010271888