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dc.contributor.authorSchweri, Juergen_US
dc.contributor.authorHartog, Joopen_US
dc.contributor.authorWolter, Stefan C.en_US
dc.date.accessioned2009-04-21en_US
dc.date.accessioned2010-07-07T11:51:23Z-
dc.date.available2010-07-07T11:51:23Z-
dc.date.issued2009en_US
dc.identifier.piurn:nbn:de:101:1-2009033021en_US
dc.identifier.urihttp://hdl.handle.net/10419/35397-
dc.description.abstractWe use a unique data set about the wage distribution that Swiss students expect for themselves ex ante, deriving parametric and non-parametric measures to capture expected wage risk. These wage risk measures are unfettered by heterogeneity which handicapped the use of actual market wage dispersion as risk measure in earlier studies. Students in our sample anticipate that the market provides compensation for risk, as has been established with Risk Augmented Mincer earnings equations estimated on market data: higher wage risk for educational groups is associated with higher mean wages. With observations on risk as expected by students we find compensation at similar elasticities as observed in market data. The results are robust to different specifications and estimation models.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA discussion papers 4069en_US
dc.subject.jelD8en_US
dc.subject.jelI2en_US
dc.subject.jelJ2en_US
dc.subject.jelJ3en_US
dc.subject.ddc330en_US
dc.subject.keywordWageen_US
dc.subject.keywordexpectationsen_US
dc.subject.keywordwage risken_US
dc.subject.keywordrisk compensationen_US
dc.subject.keywordskewnessen_US
dc.subject.stwLohnen_US
dc.subject.stwRisikoen_US
dc.subject.stwErwartungstheorieen_US
dc.subject.stwBildungsertragen_US
dc.subject.stwStudierendeen_US
dc.subject.stwSchweizen_US
dc.titleDo students expect compensation for wage risk?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn597869642en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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