Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/36186
Authors: 
Hartog, Joop
Year of Publication: 
2009
Series/Report no.: 
IZA Discussion Papers 4439
Abstract: 
We survey the literature on the Risk Augmented Mincer equation that seeks to estimate the compensation for uncertainty in the future wage to be earned after completing an education. There is wide empirical support for the predicted positive effect of wage variance and the negative effect of wage skew. We discuss robustness of the findings across specifications, potential bias from unobserved heterogeneity and selectivity and consider the core issue of students' information on benefits from education.
Subjects: 
Human capital
earnings function
risk
JEL: 
J31
D8
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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