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

被引：11

作者：

Mazza, Jacopo ^{[1
]}

van Ophem, Hans ^{[2
]}

Hartog, Joop ^{[2
]}

机构：

[1] Univ Manchester, Manchester M13 9PL, Lancs, England

[2] Univ Amsterdam, NL-1012 WX Amsterdam, Netherlands

来源：

LABOUR ECONOMICS | 2013年 / 24卷

关键词：

Wage inequality; Wage uncertainty; Unobserved heterogeneity; Selectivity; Education; Replication; RETURNS; EXPECTATIONS; BUSINESS; STUDENTS; CYCLE;

D O I：

10.1016/j.labeco.2013.09.007

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (C) 2013 Elsevier B.V. All rights reserved.

引用

页码：323 / 338

页数：16

共 22 条

[1] DOES COMPULSORY SCHOOL ATTENDANCE AFFECT SCHOOLING AND EARNINGS [J].