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Title: Unobserved Heterogeneity and Risk in Wage Variance: Does More Schooling Reduce Earnings Risk?
Resulting in 1 citation.
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Mazza, Jacopo van Ophem, Hans Hartog, Joop |
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Unobserved Heterogeneity and Risk in Wage Variance: Does More Schooling Reduce Earnings Risk? Labour Economics 24 (October 2013): 323-338. Also: http://www.sciencedirect.com/science/article/pii/S0927537113001061 Cohort(s): NLSY79 Publisher: Elsevier Keyword(s): British Household Panel Survey (BHPS); Earnings; Educational Attainment; Educational Returns; German Socio-Economic Panel (GSOEP); Heterogeneity; Wage Theory 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. |
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Bibliography Citation
Mazza, Jacopo, Hans van Ophem and Joop Hartog. "Unobserved Heterogeneity and Risk in Wage Variance: Does More Schooling Reduce Earnings Risk?" Labour Economics 24 (October 2013): 323-338.
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