Compensating Wage Differentials for Schooling Risk in Denmark

Luis Diaz‐Serrano, Joop Hartog and Helena Nielsen
Authors registered in the RePEc Author Service: Luis Diaz-Serrano ()

Scandinavian Journal of Economics, 2008, vol. 110, issue 4, 711-731

Abstract: In this paper we analyse the association between wage differentials and risk using detailed information on length and type of education as seen in Danish administrative registers. Our contribution to the literature is that we distinguish between transitory (time‐series) and permanent (cross‐sectional) income shocks, and estimate the compensation for both sorts of risk. We find that wage risk in a given education cell is associated with higher wages, while skewness is associated with lower wages. As a robustness check, we see that ad hoc risk measures based on earnings‐mobility indicators confirm these findings.

Date: 2008
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Citations: View citations in EconPapers (26)

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https://doi.org/10.1111/j.1467-9442.2008.00558.x

Related works:
Working Paper: Compensating Wage Differentials for Schooling Risk in Denmark (2003)
Working Paper: Compensating Wage Differentials for Schooling Risk in Denmark (2003)
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