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dc.contributor.authorAmmermüller, Andreasen_US
dc.contributor.authorKuckulenz, Anjaen_US
dc.contributor.authorZwick, Thomasen_US
dc.date.accessioned2009-02-16T14:50:12Z-
dc.date.available2009-02-16T14:50:12Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/24226-
dc.description.abstractOn the basis of a theoretical model, we argue that higher aggregate unemployment affects individual returns to education. We therefore include aggregate unemployment and an interaction term between unemployment and the individual education level in a standard Mincer equation. Our results show that an increase in regional unemployment by 1% decreases the returns to education by 0.005 percentage points. This implies that higher skilled employees are better sheltered from labour market changes with respect to their jobs but encounter larger wage changes than less skilled employees. Differences in regional unemployment can in addition almost fully explain the observed large differences in regional returns to education. We use representative individual data and regional panel variation in unemployment between different German regions and for different employee groups. We demonstrate that our results are robust with respect to aggregation bias, time lags and potential endogeneity of the unemployment variable.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 06-34en_US
dc.subject.jelJ24en_US
dc.subject.jelC23en_US
dc.subject.ddc330en_US
dc.subject.keywordreturns to educationen_US
dc.subject.keywordunemploymenten_US
dc.subject.keywordregional variationen_US
dc.subject.stwBildungsertragen_US
dc.subject.stwRegionale Arbeitslosigkeiten_US
dc.subject.stwArbeitslosigkeiten_US
dc.subject.stwRegionale Lohnstrukturen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleAggregate Unemployment Decreases Individual Returns to Educationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn512896607en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:4618-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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