TY  - RPRT
        AU  - Budría, Santiago
AU  - Diaz-Serrano, Luis
AU  - Ferrer-i-Carbonell, Ada
AU  - Hartog, Joop
        TI  - Risk Attitude and Wage Growth: Replication and Reconstruction
        PY  - 2009/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 4124
        UR  - https://www.iza.org/publications/dp4124
        AB  - 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.
        KW  - wage growth
KW  - post-school investment
KW  - risk
        ER  -