risks. Hence, we state a return-risk trade-off for the human capital investments in Denmark. …In this paper we test for risk compensation in wages using Danish panel data. With the conviction that the type of … Danish population to calculate different measures of earnings risk by education. Our long panel data set also allows us to …

through innovation that explains these facts. The model is a modified version of the Schumpeterian theory of firm evolution …

In this paper we investigate the nexus between firm labor diversity and innovation using a linked employer …-employee data from Denmark. Specifically, exploiting information retrieved from this comprehensive database and implementing proper … and demographic characteristics to valuable firm's innovation activity. The latter is measured by: (1) the firm …

exogenous risk and delegation. That is, we show that only if exogenous risk is sufficiently large, the risk-neutral principal … may prefer to delegate authority over decisions to the risk-averse agent. Intuitively, for incentive reasons, the … principal may optimally want to allow the agent to reduce his risk exposure. Nevertheless, even endogenous risk may be higher …

in the type of degree studied can explain an additional 8.4% of the male-female pay gap. Risk-augmented earnings …

We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to …

We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …

We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …