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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