Risk attitude and wage growth: replicating Shaw (1996)

Referierte Aufsätze Web of Science

Santi Budria, Luis Diaz-Serrano, Ada Ferrer-i-Carbonell, Joop Hartog

In: Empirical Economics 44 (2013), 2, 981-1004

Abstract

We replicate Shaw (J Labor Econ 14(4):626–653, 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 evidence that risk attitudes are relevant but support is mixed at best for the original specifications.



Keywords: wage growth, risk, post-school investment
Externer Link:
http://link.springer.com/content/pdf/10.1007%2Fs00181-012-0549-5.pdf

DOI:
https://doi.org/10.1007/s00181-012-0549-5

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