Autor según el artículo: Díaz-Serrano L; Hartog J
Departamento: Economia
Autor/es de la URV: Díaz Serrano, Luis
Palabras clave: Skewness affection Risk-aversion Educational choices Compensating wages Compensating wage differentials skewness affection skewness educational choices compensating wage differentials aversion
Resumen: 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.
Áreas temáticas: Economics, econometrics and finance (miscellaneous) Economics Economia Ciencias sociales
Acceso a la licencia de uso: https://creativecommons.org/licenses/by/3.0/es/
ISSN: 02101521
Direcció de correo del autor: luis.diaz@urv.cat
Identificador del autor: 0000-0001-9479-5091
Fecha de alta del registro: 2023-05-21
Versión del articulo depositado: info:eu-repo/semantics/publishedVersion
Referencia al articulo segun fuente origial: Investigaciones Economicas. 30 (2): 353-380
Referencia 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 Documento de licencia: https://repositori.urv.cat/ca/proteccio-de-dades/
Entidad: Universitat Rovira i Virgili
Año de publicación de la revista: 2006
Tipo de publicación: Journal Publications
Repositori URV