Is there a Risk-Return Trade-off across Occupations? Evidence from Spain

We use data from Spain to test for an effect of earnings risk and skewness on individual wages. We carry out separate estimation for men, women, public and private sector employees. In accordance with previous evidence for the US we show the existence of a risk-return trade-off across occupations in the Spanish labour market. These results are in conformity with preferences of risk-averse individuals with decreasing absolute risk aversion.

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Year of publication:	2004-10
Authors:	Diaz-Serrano, Luis ; Hartog, J.
Institutions:	Department of Economics, National University of Ireland
Subject:	Risk-aversion \| skewness affection \| occupational choices \| compensating wage differentials

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Extent:	application/pdf
Series:	Economics, Finance and Accounting Department Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	24 pages
Classification:	J3 - Wages, Compensation, and Labor Costs ; D8 - Information and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005656688