Wages as Risk Compensation in Germany

20 Pages Posted: 4 Dec 2000

See all articles by Christian Grund

Christian Grund

RWTH Aachen University - School of Economics and Business Administration; IZA Institute of Labor Economics

Date Written: December 2000

Abstract

The theory of compensating wage differentials is generally accepted. Still, there has been no strong or even contrary evidence for compensating wage differentials in Germany so far. Estimating wage regressions with data of the German Socio-Economic Panel (GSOEP) within individually perceived hazards of work accidents as a risk variable, evidence for compensating wage differentials in Germany is found even though other effects may partly weaken the existing wage premiums due to risks at work.

Keywords: Compensating wage differentials, wage regressions, work accidents

JEL Classification: J28, J31

Suggested Citation

Grund, Christian, Wages as Risk Compensation in Germany (December 2000). IZA Discussion Paper No. 221. Available at SSRN: https://ssrn.com/abstract=252471

Christian Grund (Contact Author)

RWTH Aachen University - School of Economics and Business Administration ( email )

Aachen
Germany

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Register to save articles to
your library

Register

Paper statistics

Downloads
100
Abstract Views
1,018
rank
271,162
PlumX Metrics