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Risk attitude and wage growth: Replicating Shaw (1996)

Empirical Economics (2013) 44(2) 981-1004
DOI: 10.1007/s00181-012-0549-5
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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. © 2012 The Author(s).

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Budria, S., Diaz-Serrano, L., Ferrer-i-Carbonell, A., & Hartog, J. (2013). Risk attitude and wage growth: Replicating Shaw (1996). Empirical Economics, 44(2), 981–1004. https://doi.org/10.1007/s00181-012-0549-5

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