Is there a Risk-Return Trade-off across Occupations? Evidence from Spain

Luis Diaz-Serrano () and J. Hartog ()
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Luis Diaz-Serrano: National University of Ireland, Maynooth, IZA, Bonn, CREB, Universitat de Barcelona
J. Hartog: Universiteit van Amsterdam

Economics Department Working Paper Series from Department of Economics, National University of Ireland - Maynooth

Abstract: We use data from Spain to test for an effect of earnings risk and skewness on individual wages. We carry out separate estimation for men, women, public and private sector employees. In accordance with previous evidence for the US we show the existence of a risk-return trade-off across occupations in the Spanish labour market. These results are in conformity with preferences of risk-averse individuals with decreasing absolute risk aversion.

Keywords: Risk-aversion; skewness affection; occupational choices; compensating wage differentials (search for similar items in EconPapers)
JEL-codes: D8 J3 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2004-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:may:mayecw:n1441004

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