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Title:Risk attitude and wage growth: replication and reconstruction PDF Logo
Authors:Budría, Santiago
Diaz-Serrano, Luis
Ferrer-i-Carbonell, Ada
Hartog, Joop
Issue Date:2009
Series/Report no.:IZA discussion papers 4124
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.
Subjects:Wage growth
risk
post-school investment
JEL:J24
J30
Persistent Identifier of the first edition:urn:nbn:de:101:1-20090513215
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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