Risk compensation in wages – a replication |
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| Authors: | Joop Hartog Erik Plug Luis Diaz Serrano Jose Vieira |
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| Affiliation: | (1) University of Amsterdam, Department of Economics, SCHOLAR, Roetersstraat 11, 1018 WB Amsterdam, the Netherlands, NL;(2) Universitat de Barcelona, C/Baldiri Reixac, 4-6, 08028 Barcelona, Spain, ES;(3) Universidade dos Acores, Rua Mae de Deus, 9500 Ponta Delgada, Portugal, PT |
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| 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. First version received: March 2001/Final version received: July 2002 We are grateful to two anonymous referees for valuable comments. |
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| Keywords: | JEL code: J3 D8 |
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