Aggregate Unemployment Decreases Individual Returns to Education

Autor/inn/en	Ammermueller, Andreas; Kuckulenz, Anja; Zwick, Thomas
Titel	Aggregate Unemployment Decreases Individual Returns to Education
Quelle	In: Economics of Education Review, 28 (2009) 2, S.217-226 (10 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0272-7757
DOI	10.1016/j.econedurev.2008.07.001
Schlagwörter	Unemployment; Wages; Employees; Outcomes of Education; Employment Patterns; Labor Market; Foreign Countries; Education Work Relationship; Educational Attainment; Economics; Germany + Suchen Sie Ihr Suchwort? Arbeitslosigkeit; Wage; Löhne; Employee; Arbeitnehmer; Beschäftigter; Lernleistung; Schulerfolg; Beschäftigungsstruktur; Labour market; Arbeitsmarkt; Ausland; Bildungsabschluss; Bildungsgut; Volkswirtschaftslehre; Deutschland
Abstract	Aggregate unemployment may affect individual returns to education through qualification-specific responses in participation and wage bargaining. This paper shows that an increase in regional unemployment by 1% decreases returns to education by 0.005 percentage points. This implies that higher skilled employees are better sheltered from labour market changes with respect to their jobs but they encounter larger wage changes than less skilled employees. We use representative individual data and panel variation in unemployment between German regions and employee groups. We demonstrate that our results are robust with respect to aggregation bias, time lags and potential endogeneity of the unemployment variable. (Contains 5 tables and 2 figures.) (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10