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Author
S. Budria
L. Diaz-Serrano
A. Ferrer-i-Carbonell
J. Hartog
Year
2009
Title
Risk attitude and wage growth: replication and reconstruction
Number of pages
62
Publisher
Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)
Serie
SOEP Papers
Volume | Edition (Serie)
192
Document type
Report
Faculty
Faculty of Economics and Business (FEB)
Institute
Amsterdam School of Economics Research Institute (ASE-RI)
Abstract
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.

JEL-Classification:
J24, J30

Keywords:
wage growth, risk, post-school investment
Link
Link
Language
Undefined/Unknown
Permalink
http://hdl.handle.net/11245/1.319823

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