| Authors |
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| Publication date |
2011
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| Series |
Tinbergen Institute Discussion Paper, TI2011-045/3
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| Number of pages |
33
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| Publisher |
Amsterdam/Rotterdam: Tinbergen Institute
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| Organisations |
-
Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
|
| 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.
|
| Document type |
Working paper
|
| Note |
February 2011
|
| Language |
English
|
| Published at |
http://www.tinbergen.nl/discussionpapers/11045.pdf
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