Journal Article10.1016/J.LABECO.2007.08.002
On compensation for risk aversion and skewness affection in wages
Joop Hartog,Wim P.M. Vijverberg +1 more
TL;DR: In this paper, the authors present extensive empirical testing of the hypothesis that greater post-schooling earnings risk requires higher expected returns, and they find that workers not only care about risk but also about the skewness in the distribution of the compensation paid.
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About: This article is published in Labour Economics. The article was published on 01 Dec 2007. The article focuses on the topics: Skewness & Risk aversion.
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Citations
Compensating wage differentials for schooling risk in Denmark
TL;DR: In this article, the authors analyse the association between wage differentials and risk using detailed information on length and type of education as seen in Danish administrative registers, and find that wage risk in a given education cell is associated with higher wages.
The Impact of New Public Management Instruments on PhD Education.
Peter Schneider,Dieter Sadowski +1 more
TL;DR: In this paper, the steering effects of six new public management instruments in the years 2001 and 2002 on subsequent placement success of PhD graduates were investigated based on an explorative analysis of qualitative and quantitative data of fourteen German and European economics departments.
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Do Students Expect Compensation for Wage Risk
TL;DR: In this article, the authors use a unique data set about the wage distribution that Swiss students expect for themselves ex ante, deriving parametric and non-parametric measures to capture expected wage risk.
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Educational segregation and the gender wage gap in Greece
TL;DR: This paper investigated the extent to which differences in the subject of degree studied by male and female university graduates contributes to the gender pay gap in Greece, an EU country with historically large gender discrepancies in earnings and occupational segregation.
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Local thinking and skewness preferences
TL;DR: In this paper, the authors show that in continuous models of stimulus-driven attention, each lottery has a unique certainty equivalent that is monotonic in probabilities (i.e., it monotonically increases if probability mass is shifted to more favorable outcomes).
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The Nature of Precautionary Wealth
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The Nature of Precautionary Wealth
Christopher D. Carroll,Andrew A. Samwick +1 more
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TL;DR: A number of processes that can be explored by designers are reviewed and it is suggested how design as a discipline can benefit from this research.
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Linking Measured Risk Aversion to Individual Characteristics.
TL;DR: In this paper, the Arrow-Pratt measure of risk aversion was found to fall with income and wealth, and women are more risk averse than men, while entrepreneurs are less risk-averse than employees and civil servants more risk-aware than private sector employees.
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Linking Measured Risk Aversion to Individual Characteristics
TL;DR: In this article, the Arrow-Pratt measure of risk aversion was found to fall with income and wealth, and women are more risk averse than men, while entrepreneurship is more risk-averse than women.
535
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Income from Independent Professional Practice
Milton Friedman,Simon Kuznets +1 more
- 01 Jan 1945
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