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Zoekopdracht: faculteit: "FEB" en publicatiejaar: "2010"

AuteursP. Berkhout, J. Hartog, D. Webbink
TitelCompensation for earnings risk under worker heterogeneity
TijdschriftSouthern Economic Journal
Jaargang76
Jaar2010
Nummer3
Pagina's762-790
ISSN00384038
FaculteitFaculteit Economie en Bedrijfskunde
Instituut/afd.FEB: Amsterdam School of Economics Research Institute (ASE-RI)
SamenvattingWe use two large data sets to estimate the Risk Augmented Mincer equation and test for risk compensation in expected earnings. We replicate earlier findings of a positive premium for risk and a negative premium for skew and add confirmation of the key results if we control for individual ability. We compare risk compensation and risk distributions between some labor market groups and find that immigrants and natives do not differ in risk attitudes, that public sector workers are undercompensated for their risk, and that risk compensation by gender is not fully consistent with higher risk aversion for women. We express concern that a linear compensation model may be too simple.
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