We use data from Spain to test for an effect of earnings risk and skewness on individual wages. We carry out separate … preferences of risk-averse individuals with decreasing absolute risk aversion. …

Utility theory suggests that foreseeable risk should increase the compensation for work. This paper expands on this … notion: on basis of utility theory, people should care not only about risk but also about the skewness in the distribution of … the compensation paid. In particular, because the degree of risk aversion ought to decrease with income, people should …

if the variance of exam grades is higher and higher if the skew is higher: employers shift the cost of productivity risk … to new hires, but pay for the opportunity to catch a really good worker. Estimating the extent of risk cost sharing …

We ask individuals for their reservation price of a specified lotteryand deduce their Arrow-Pratt measure of risk … aversion.This allows direct testing of common hypotheses on risk attitudes inthree datasets. We find that risk aversion indeed … fallswith income and wealth. Entrepreneurs are less risk averse thanemployees, civil servants are more risk averse thanprivate …

We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We …

We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We …

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 … components in wage compensation. We also experiment with new measures of earnings risk based on transitory intertemporal …

pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and … to estimate individual response to earnings risk in deciding on attending university education, by measuring risk as the … risk aversion, the response may be reversed to positive. …

parametric and non-parametric measures to capture expected wage risk. These wage risk measures are unfettered by heterogeneity … which handicapped the use of actual market wage dispersion as risk measure in earlier studies. Students in our sample … anticipate that the market provides compensation for risk, as has been established with Risk Augmented Mincer earnings equations …

pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and … to estimate individual response to earnings risk in deciding on attending university education, by measuring risk as the … risk aversion, the response may be reversed to positive. …