A risk augmented mincer earnings equation? Taking stock

Joop Hartog

doi:10.1108/S0147-9121(2011)0000033007

A risk augmented mincer earnings equation? Taking stock

Joop Hartog^*

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

15 Citations (Scopus)

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.

Original language	English
Title of host publication	Research in labor economics
Editors	Solomon Polachek, Konstantinos Tatsiramos
Pages	129-173
Number of pages	45
DOIs	https://doi.org/10.1108/S0147-9121(2011)0000033007
Publication status	Published - 2011
Externally published	Yes

Publication series

Name	Research in Labor Economics
Volume	33
ISSN (Print)	0147-9121

Keywords

Compensating differentials
Human capital
Risk
Wages

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1108/S0147-9121(2011)0000033007

Cite this

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A risk augmented mincer earnings equation? Taking stock

Abstract

Publication series

Keywords

UN SDGs

Access to Document

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