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Title:Is There a Risk-Return Trade-Off across Occupations? : Evidence from Spain PDF Logo
Authors:Diaz-Serrano, Luis
Hartog, Joop
Issue Date:2004
Series/Report no.:IZA Discussion paper series 1355
Abstract:We use data from Spain to test for an effect of earnings risk and skewness on individual wages. We carry out separate estimation for men, women, public and private sector employees. In accordance with previous evidence for the US we show the existence of a riskreturn trade-off across occupations in the Spanish labour market. These results are in conformity with preferences of risk-averse individuals with decreasing absolute risk aversion.
Subjects:risk-aversion
skewness affection
occupational choices
compensating wage differentials
JEL:D8
J3
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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