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Financial risk-taking and the gender wage gap

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  • Edin, Per-Anders

    (Department of Economics at Uppsala University)

  • Selin, Håkan

    (IFAU - Institute for Evaluation of Labour Market and Education Policy)

Abstract

Could differences in risk attitudes explain parts of the gender wage gap? We present estimates on the association between labor market outcomes and financial risk-taking using individual level administrative data on individual wealth portfolios and wage rates. The individual’s share of risky to total financial assets i s significantly and positively associated with the wage rate. However, it turns out that our risk measure explains only a small part of the observed gender difference in wages.

Suggested Citation

  • Edin, Per-Anders & Selin, Håkan, 2020. "Financial risk-taking and the gender wage gap," Working Paper Series 2020:16, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    • Handle: RePEc:hhs:ifauwp:2020_016
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    More about this item

    Keywords

    Wages; human capital; financial risk;
    All these keywords.

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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