Risk attitude and wage growth: replicating Shaw (1996)

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

doi:10.1007/s00181-012-0549-5

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 journal › Article › peer-review

9 Citations (Scopus)

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
Pages (from-to)	981-1004
Number of pages	24
Journal	Empirical Economics
Volume	44
Issue number	2
DOIs	https://doi.org/10.1007/s00181-012-0549-5
Publication status	Published - Apr 2013
Externally published	Yes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 10 Reduced Inequalities

Keywords

Post-school investment
Risk
Wage growth

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10.1007/s00181-012-0549-5Licence: CC BY

Cite this

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title = "Risk attitude and wage growth: replicating Shaw (1996)",

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.",

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AB - 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.

KW - Post-school investment

KW - Risk

KW - Wage growth

UR - https://www.scopus.com/pages/publications/84875227488

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M3 - Article

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Risk attitude and wage growth: replicating Shaw (1996)

Abstract

UN SDGs

Keywords

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