Risk attitude and wage growth: replicating Shaw (1996)

Santi Budria, Luis Diaz-Serrano, Ada Ferrer-i-Carbonell, Joop Hartog*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

9 Citations (Scopus)


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 languageEnglish
Pages (from-to)981-1004
Number of pages24
JournalEmpirical Economics
Issue number2
Publication statusPublished - Apr 2013
Externally publishedYes


  • Post-school investment
  • Risk
  • Wage growth


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