A Risk Augmented Mincer Earnings Equation? Taking Stock

Joop Hartog ()
Additional contact information
Joop Hartog: University of Amsterdam

No 4439, IZA Discussion Papers from Institute for the Study of Labor (IZA)

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.

Keywords: human capital; earnings function; risk (search for similar items in EconPapers)
JEL-codes: J31 D8 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hrm and nep-lab
Date: 2009-09

Downloads: (external link)
http://ftp.iza.org/dp4439.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:iza:izadps:dp4439

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute for the Study of Labor (IZA)
Address: IZA, P.O. Box 7240, D-53072 Bonn, Germany
Contact information at EDIRC.
Series data maintained by Mark Fallak ().