Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/52039 
Year of Publication: 
2011
Series/Report no.: 
IZA Discussion Papers No. 5531
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We replicate the original study on US men and extend to US women, UK men and German men. Most original results are not robust. A college education cannot universally be considered an insurance against unpredictability of wages. One conclusion is unequivocally confirmed: uncertainty strongly dominates unobserved heterogeneity.
Subjects: 
wage inequality
wage uncertainty
unobserved heterogeneity
selectivity
education
replication
JEL: 
C01
C33
C34
J31
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
178.01 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.