Is thre a Risk-Return Trade-off accross Occupations? Evidence from Spain
Diaz-Serrano, Luis and Hartog, Joop (2004) Is thre a Risk-Return Trade-off accross Occupations? Evidence from Spain. .
We use data from Spain to test for an effect of earnings risk and skewness on individual wages. We carry out seperate estimation for men, women, public and private sector employees. In accordance with previous evidence for the US we ahow the existence of a risk-return trade-off across occupations in the Spanish labour market. These results are in conformity with preferences of risk-averse individuals with dcreasing absolute risk aversion.
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