Risk compensation in wages - A replication

Joop Hartog; Erik Plug; Luis Diaz Serrano; Jose Vieira

doi:10.1007/s001810200150

Risk compensation in wages - A replication

Joop Hartog^*, Erik Plug, Luis Diaz Serrano, Jose Vieira

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

26 Citations (Scopus)

Abstract

We use data from Germany, The Netherlands, Portugal and Spain to test for the effect of earnings variation on individual earnings. We replicate estimates for the USA and find that the variance of earnings in an occupation affects individual wages positively while the skewness of earnings has a negative effect. Both results are in conformity with wage compensation for risk averse workers.

Original language	English
Pages (from-to)	639-647
Number of pages	9
Journal	Empirical Economics
Volume	28
Issue number	3
DOIs	https://doi.org/10.1007/s001810200150
Publication status	Published - Jun 2003
Externally published	Yes

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title = "Risk compensation in wages - A replication",

abstract = "We use data from Germany, The Netherlands, Portugal and Spain to test for the effect of earnings variation on individual earnings. We replicate estimates for the USA and find that the variance of earnings in an occupation affects individual wages positively while the skewness of earnings has a negative effect. Both results are in conformity with wage compensation for risk averse workers.",

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AB - We use data from Germany, The Netherlands, Portugal and Spain to test for the effect of earnings variation on individual earnings. We replicate estimates for the USA and find that the variance of earnings in an occupation affects individual wages positively while the skewness of earnings has a negative effect. Both results are in conformity with wage compensation for risk averse workers.

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Risk compensation in wages - A replication

Abstract

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