Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20199
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dc.contributor.authorDiaz-Serrano, Luisen_US
dc.contributor.authorHartog, Joopen_US
dc.contributor.authorSkyt Nielsen, Helenaen_US
dc.date.accessioned2009-01-28T16:12:21Z-
dc.date.available2009-01-28T16:12:21Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/20199-
dc.description.abstractIn this paper we test for risk compensation in wages using Danish panel data. With theconviction that the type of education is as important as the education length, we use a verydetailed description of the type of education reached by the Danish population to calculatedifferent measures of earnings risk by education. Our long panel data set also allows us todecompose shocks in earnings in a permanent and a transitory component. We test the roleof the risks associated to both components in wage compensation. We also experiment withnew measures of earnings risk based on transitory intertemporal fluctuations in earnings.Thus, we get closer to risk measures catching the intrinsic long-run feature of schooling-risksand the required compensation. In concordance to what theory predicts, we find that thelabor market compensates for such foreseeable risks. Hence, we state a return-risk trade-offfor the human capital investments in Denmark.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aIZA Discussion paper series |x963en_US
dc.subject.jelJ3en_US
dc.subject.jelD8en_US
dc.subject.ddc330en_US
dc.subject.keywordrisk-premiumen_US
dc.subject.keywordskewness affectionen_US
dc.subject.keywordschooling risken_US
dc.subject.keywordearnings shocksen_US
dc.subject.stwLohnstrukturen_US
dc.subject.stwEinkommenen_US
dc.subject.stwRisikoen_US
dc.subject.stwBildungen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDänemarken_US
dc.titleCompensating wage differentials for schooling risk in Denmarken_US
dc.typeWorking Paperen_US
dc.identifier.ppn377463671en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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