Wage Compensations Due to Risk Aversion and Skewness Affection – German Evidence

As a new approach we study individual wage compensations due to income risks measured by the variance and skewness of the wage distributions in different occupational groups. Using German administrative panel data and estimating a fixed effects model we confirm the expected positive effect of the va...

Ausführliche Beschreibung

Bibliographische Detailangaben
Link(s) zu Dokument(en):IHS Publikation
1. Verfasser: Nagl, Wolfgang
Format: Discussion/ Working Paper NonPeerReviewed
Veröffentlicht: 2012
Beschreibung
Zusammenfassung:As a new approach we study individual wage compensations due to income risks measured by the variance and skewness of the wage distributions in different occupational groups. Using German administrative panel data and estimating a fixed effects model we confirm the expected positive effect of the variance and the negative effect of the skewness on individual wages.