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Risk Attitudes and Wage Growth: Replication and Reconstruction

Santiago Budria Rodriguez (), Luis Diaz-Serrano (), Ada Ferrer-i-Carbonell and Joop Hartog

No 192, SOEPpapers on Multidisciplinary Panel Data Research from DIW Berlin, The German Socio-Economic Panel (SOEP)

Abstract: 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.

Keywords: wage growth; risk; post-school investment (search for similar items in EconPapers)
JEL-codes: J24 J30 (search for similar items in EconPapers)
Pages: 62 p.
Date: 2009
New Economics Papers: this item is included in nep-edu, nep-lab, nep-ltv, nep-neu and nep-upt
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http://www.diw.de/documents/publikationen/73/diw_01.c.98690.de/diw_sp0192.pdf (application/pdf)

Related works:
Working Paper: Risk Attitude and Wage Growth: Replication and Reconstruction (2009) Downloads
Working Paper: Risk Attitude And Wage Growth: Replication And Reconstruction (2009) Downloads
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