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Title:
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Risk Attitude And Wage Growth: Replication And Reconstruction
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Author:
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Díaz Serrano, Luis; Ferrer Carbonell, Ada; Hartog, Joop
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Other authors:
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Universitat Rovira i Virgili. Departament d'Economia |
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Resum:
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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.
Comments given at the Labour Economics Conference in honour of Niels Westergaard
(Nyborg, August 2008) and EALE 2008 (Amsterdam) and at seminars in
Maastricht,Reus and Essen (RWI) are gratefully acknowledged. The authors also
acknowledge financial support from the Spanish Ministry of Science and Innovation
(grant number SEJ2007-66318) and from the Barcelona Economics Program of CREA.
JEL code: J24; J30.
Key words: wage growth, risk, post-school investment. |
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Publication date:
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2009 |
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Subject (UDC):
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331 - Treball. Relacions laborals. Ocupació. Organització del treball |
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Subject(s):
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Salaris
Ocupació, Cerca d'
Promoció professional |
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Rights:
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Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/) |
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Document type:
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Working Paper |
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ISSN:
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1988 - 0812
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Collection:
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Documents de treball del Departament d'Economia;2009-15
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Share:
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