Risk Attitudes 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:	Budria, Santi ; Diaz-Serrano, Luis ; Ferrer-i-Carbonell, Ada ; Hartog, Joop
Institutions:	Forschungsbasierte Infrastruktureinrichtung "Sozio-oekonomisches Panel (SOEP)", DIW Berlin (Deutsches Institut für Wirtschaftsforschung)
Subject:	wage growth \| risk \| post-school investment

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Extent:	application/pdf
Series:	SOEPpapers on Multidisciplinary Panel Data Research. - ISSN 1864-6689.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 192 62 pages long
Classification:	J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; J30 - Wages, Compensation, and Labor Costs. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005017474