Schweri, Jürg; Hartog, Joop; Wolter, Stefan - Institute for the Study of Labor (IZA) - 2009
Classification: D8, I2, J2, J3
Keywords: wage, expectations, wage risk, risk compensation, skewness
Corresponding author … variance is higher and
lower in occupations-educations where skewness is higher: people dislike risk but appreciate
favourable … odds of very high wages relative to very low wages (“skewness affection”).
A main criticism addressed at this approach is …