Use this identifier to quote or link this document:

Risk Attitude And Wage Growth: Replication And Reconstruction
Díaz Serrano, Luis; Ferrer Carbonell, Ada; Hartog, Joop
Universitat Rovira i Virgili. Departament d'Economia
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. Comments given at the Labour Economics Conference in honour of Niels Westergaard (Nyborg, August 2008) and EALE 2008 (Amsterdam) and at seminars in Maastricht,Reus and Essen (RWI) are gratefully acknowledged. The authors also acknowledge financial support from the Spanish Ministry of Science and Innovation (grant number SEJ2007-66318) and from the Barcelona Economics Program of CREA. JEL code: J24; J30. Key words: wage growth, risk, post-school investment.
331 - Treball. Relacions laborals. Ocupació. Organització del treball
Ocupació, Cerca d'
Promoció professional
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (
Working Paper
1988 - 0812
Documents de treball del Departament d'Economia;2009-15

Full text files in this document

Files Size Format
DT. 2009 - 15 electr.pdf 581.9 KB PDF

Show full item record