Wages as Risk Compensation in Germany

Christian Grund ()

No 221, IZA Discussion Papers from Institute for the Study of Labor (IZA)

Abstract: The theory of compensating wage differentials is generally accepted. Still, there has been no strong or even contrary evidence for compensating wage differentials in Germany so far. Estimating wage regressions with data of the German Socio-Economic Panel (GSOEP) within individually perceived hazards of work accidents as a risk variable, evidence for compensating wage differentials in Germany is found even though other effects may partly weaken the existing wage premiums due to risks at work.

Keywords: Compensating wage differentials; wage regressions; work accidents (search for similar items in EconPapers)
JEL-codes: J28 J31 (search for similar items in EconPapers)
Date: Written
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