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Risk Attitude and Wage Growth: Replication and Reconstruction by Santiago Budrķa, Luis Diaz-Serrano, Ada Ferrer-i-Carbonell, Joop Hartog (April 2009) forthcoming under revised title in: Empirical Economics Abstract: We replicate Shaw (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 mixed support for the earlier results. We present and estimate a new model and find that in particular the wage level is sensitive to attitudes towards risk taking. Text: See Discussion Paper No. 4124 
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