Wage Compensations Due to Risk Aversion and Skewness Affection: German Evidence

As a new approach we study individual wage compensations due to income risksmeasured by the variance and skewness of the wage distributions in different occupational groups. Using German administrative panel data and estimating a fixed effects model we confirm the expected positive effect of the variance and the negative effect ofthe skewness on individual wages.

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Year of publication:	2012
Authors:	Nagl, Wolfgang
Publisher:	Munich : ifo Institute - Leibniz Institute for Economic Research at the University of Munich
Subject:	Lohnstruktur \| Beruf \| Einkommen \| Risikoaversion \| Schätzung \| Deutschland \| Wage compensation \| income risk

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Series:	ifo Working Paper ; 145
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	729514730 [GVK] hdl:10419/73851 [Handle] RePec:ces:ifowps:_145 [RePEc]
Classification:	J30 - Wages, Compensation, and Labor Costs. General ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc
Source:	EconStor

Persistent link: https://www.econbiz.de/10010312204