A risk augmented mincer earnings equation? Taking stock

Joop Hartog*

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

15 Citations (Scopus)


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 languageEnglish
Title of host publicationResearch in labor economics
EditorsSolomon Polachek, Konstantinos Tatsiramos
Number of pages45
Publication statusPublished - 2011
Externally publishedYes

Publication series

NameResearch in Labor Economics
ISSN (Print)0147-9121


  • Compensating differentials
  • Human capital
  • Risk
  • Wages


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