Unobserved heterogeneity and risk in wage variance: does more schooling reduce earnings risk?

Publication type

Journal Article

Authors

Publication date

October 15, 2013

Summary:

We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education to data for the USA, the UK and Germany. We find that in residual wage variation, uncertainty by far dominates unobserved heterogeneity. The relation between uncertainty and level of education is not monotonic and differs among countries.

Published in

Labour Economics

Volume and page numbers

Volume: 24 , p.323 -338

DOI

http://dx.doi.org/10.1016/j.labeco.2013.09.007

ISSN

9275371

Subjects

Notes

Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*

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