Journal Article

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

Authors

Publication date

Oct 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

24 , 323 -338

DOI

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

ISSN

16

Subjects

Education, Labour Economics, and Wages And Earnings

Links

http://serlib0.essex.ac.uk/record=b1650556~S5

Notes

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

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