Education and risk compensation in wages. A quantile regression approach.

Autor/inn/en	Vieira, José; Constância, Carolina; Teixeira, João
Institution	Forschungsinstitut zur Zukunft der Arbeit
Titel	Education and risk compensation in wages. A quantile regression approach. Gefälligkeitsübersetzung: Bildung und Risikokompensation durch Löhne. Eine Quantilsregression.
Quelle	Bonn (2019), 15 S. PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	IZA discussion paper. 12237
Sprache	englisch
Dokumenttyp	online; Monographie
Schlagwörter	Risikobereitschaft; Einkommensunterschied; Einkommenseffekt; Lohnhöhe; Arbeitsmarktrisiko; Qualifikation; Portugal
Abstract	"This paper examines the effect of wage variation on individual wages. The results reveal that wage variation by educational classifications positively affects wages, while the skewness has a negative effect. As has been referred in previous literature on the issue, both results are consistent with the notion of wage compensation for risk-averse workers. However, our results show that the impact of wage-variation on wages is not reasonably described by a single parameter for all individuals. Such an effect is heterogeneous and varies throughout the conditional wage distribution. Indeed, the positive effect of dispersion increases, and the negative effect of skewness decreases, as we move up on the conditional wage distribution. Apparently, those at the upper end of the conditional wage distribution have both higher risk-aversion and higher affection for skewness." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2019/3