- Risk attitude and wage growth: replication and reconstruction
- Number of pages
- Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)
- SOEP Papers
- 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.
wage growth, risk, post-school investment
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