Is there a Risk-Return Trade-off across Occupations? Evidence from Spain

Research, Preprint OPEN
Diaz-Serrano, Luis; Hartog, Joop;
(2004)
  • Publisher: Bonn: Institute for the Study of Labor (IZA)
  • Subject: risk-aversion | occupational choices | J3 | Risikoaversion | Lohnstruktur | D8 | Beruf | Risk-aversion, skewness affection,occupational choices,compensating wage differentials | skewness affection | Schätzung | compensating wage differentials | Spanien
    • jel: jel:J3 | jel:D8
      ddc: ddc:330
    mesheuropmc: health care economics and organizations

We use data from Spain to test for an effect of earnings risk and skewness on individual wages. We carry out separate estimation for men, women, public and private sector employees. In accordance with previous evidence for the US we show the existence of a risk-return t... View more
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