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The Gender Wage Gap and Sample Selection via Risk Attitudes

SeEun Jung ()

No 2014-25, THEMA Working Papers from THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise

Abstract: This paper investigates a new way to estimate the gender wage gap with the introduction of individual risk attitudes using representative Korean data. We es- timate the wage gap with correction for the selection bias, which latter results in the overestimation of this wage gap. Female workers are more risk averse. They hence prefer working in the public sector, where wages are generally lower than in the private sector. It goes on to explain the reduced gender wage gap by develop- ing an appropriate sample-selection model, with wage decompositions corrected for selectivity. Self-selection based on risk attitudes therefore explains, in part, what is popularly perceived as gender discrimination.

Keywords: Occupational Choice; Gender Wage Gap; Risk Preference; Selection Bias (search for similar items in EconPapers)
JEL-codes: J24 J31 D81 C52 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-lab and nep-lma
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Related works:
Journal Article: The gender wage gap and sample selection via risk attitudes (2017) Downloads
Working Paper: The Gender Wage Gap and Sample Selection via Risk Attitudes (2014) Downloads
Working Paper: The Gender Wage Gap and Sample Selection via Risk Attitudes (2014) Downloads
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