Risk Attitudes and Wage Growth: Replication and Reconstruction
Santiago Budria Rodriguez (),
Luis Diaz-Serrano (),
Ada Ferrer-i-Carbonell and
No 192, SOEPpapers on Multidisciplinary Panel Data Research from DIW Berlin, The German Socio-Economic Panel (SOEP)
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.
New Economics Papers: this item is included in nep-edu, nep-lab, nep-ltv, nep-neu and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Working Paper: Risk Attitude and Wage Growth: Replication and Reconstruction (2009)
Working Paper: Risk Attitude And Wage Growth: Replication And Reconstruction (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:diw:diwsop:diw_sp192
Access Statistics for this paper
More papers in SOEPpapers on Multidisciplinary Panel Data Research from DIW Berlin, The German Socio-Economic Panel (SOEP) Contact information at EDIRC.
Bibliographic data for series maintained by Bibliothek ().