Abstract
We replicate Shaw (J Labor Econ 14(4):626-653, 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 evidence that risk attitudes are relevant but support is mixed at best for the original specifications.
Original language | English |
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Pages (from-to) | 981-1004 |
Number of pages | 24 |
Journal | Empirical Economics |
Volume | 44 |
Issue number | 2 |
DOIs | |
Publication status | Published - Apr 2013 |
Externally published | Yes |
Keywords
- Post-school investment
- Risk
- Wage growth