- Risk attitude and wage growth: replication and reconstruction
- Number of pages
- Bonn: IZA
- IZA Discussion Paper
- Volume | Edition (Serie)
- Document type
- Faculty of Economics and Business (FEB)
- Amsterdam School of Economics Research Institute (ASE-RI)
- 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.
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