Does Education Reduce Wage Inequality? Quantile Regressions Evidence from Fifteen European Countries
Pedro Pereira and
FEUNL Working Paper Series from Universidade Nova de Lisboa, Faculdade de Economia
We address the impact of education upon wage inequality by drawing on evidence from fifteen European countries, during a period ranging between 1980 and 1995. We focus on within-educational-levels wage inequality by estimating quantile regressions of Mincer equations and analysing the differences in returns to education across the wage distribution and across time. Four different patterns emerge: 1) a positive and increasing contribution of education upon within-levels wage inequality the case of Portugal; 2) a positive but stable role of education in terms of inequality Austria, Finland, France, Ireland, Netherlands, Norway, Spain, Sweden, Switzerland, UK; 3) a neutral role Denmark and Italy; and 4) a negative impact Germany and Greece. We thus find that in most countries dispersion in earnings increases with educational levels and that education is a risky investment. These results suggest a positive interaction between schooling and ability with respect to earnings.
Keywords: Returns to Education; Earnings Inequality; Quantile Regressions; Ability; Education Systems; Labour-Market Institutions. (search for similar items in EconPapers)
JEL-codes: C29 D31 I21 J24 J31 (search for similar items in EconPapers)
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Working Paper: Does Education Reduce Wage Inequality? Quantile Regressions Evidence from Fifteen European Countries (2002)
Working Paper: Does Education Reduce Wage Inequality? Quantile Regressions Evidence from Fifteen European Countries (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:unl:unlfep:wp379
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