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dc.contributor.authorDiaz-Serrano, Luisen
dc.contributor.authorHartog, Joopen
dc.contributor.authorSkyt Nielsen, Helenaen
dc.date.accessioned2009-01-28T16:12:21Z-
dc.date.available2009-01-28T16:12:21Z-
dc.date.issued2003-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x963en
dc.subject.jelJ3en
dc.subject.jelD8en
dc.subject.ddc330en
dc.subject.keywordrisk-premiumen
dc.subject.keywordskewness affectionen
dc.subject.keywordschooling risken
dc.subject.keywordearnings shocksen
dc.subject.stwLohnstrukturen
dc.subject.stwEinkommenen
dc.subject.stwRisikoen
dc.subject.stwBildungen
dc.subject.stwSchätzungen
dc.subject.stwDänemarken
dc.titleCompensating wage differentials for schooling risk in Denmark-
dc.typeWorking Paperen
dc.identifier.ppn377463671en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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