Autor segons l'article: Díaz-Serrano L; Hartog J
Departament: Economia
Autor/s de la URV: Díaz Serrano, Luis
Paraules clau: Skewness affection Risk-aversion Educational choices Compensating wages Compensating wage differentials skewness affection skewness educational choices compensating wage differentials aversion
Resum: We use data from Spain to test for an effect of earnings variance and skewness on individual wages. We carry out separate estimations for men and women. In accordance with the scant previous evidence mainly focused on the US, we report the existence of a risk-return trade-off across educational choices in the Spanish labor market. These results are in conformity with preferences of risk-averse individuals with decreasing absolute risk aversion and hence, with preference for skewness. In contrast with the previous literature, our analysis is based just in education cells, instead of on occupation or occupation/education cells. This improvement allows us to capture in a more suitable way the essence of earnings risk.
Àrees temàtiques: Economics, econometrics and finance (miscellaneous) Economics Economia Ciencias sociales
Accès a la llicència d'ús: https://creativecommons.org/licenses/by/3.0/es/
ISSN: 02101521
Adreça de correu electrònic de l'autor: luis.diaz@urv.cat
Identificador de l'autor: 0000-0001-9479-5091
Data d'alta del registre: 2023-05-21
Versió de l'article dipositat: info:eu-repo/semantics/publishedVersion
Referència a l'article segons font original: Investigaciones Economicas. 30 (2): 353-380
Referència de l'ítem segons les normes APA: Díaz-Serrano L; Hartog J (2006). Is there a risk-return trade-off in educational choices? Evidence from Spain. Investigaciones Economicas, 30(2), 353-380
URL Document de llicència: https://repositori.urv.cat/ca/proteccio-de-dades/
Entitat: Universitat Rovira i Virgili
Any de publicació de la revista: 2006
Tipus de publicació: Journal Publications
Repositori URV