Titelaufnahme

Titel
Risk-adjusted returns to education / Judith M. Delaney (Economic and Social Research Institute, University College London, and IZA) ; IZA Institute of Labor Economics
VerfasserDelaney, Judith M.
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, June 2019
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (42 Seiten) : Diagramme
SerieDiscussion paper ; no. 12394
URLVolltext
URNurn:nbn:de:hbz:5:2-193344 
Zugänglichkeit
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
Risk-adjusted returns to education [0.47 mb]
Links
Nachweis
Verfügbarkeit In meiner Bibliothek
Zusammenfassung (Englisch)

This paper looks at the joint impact of labour market risk and selection in to the labour market on returns to education. Accounting for non-employment risk leads to substantial changes in returns while wage risk has little impact. The risk- adjusted returns to both high school and college for males are larger than unadjusted returns. For females, risk leads to an increase in returns to high school but to a decrease in the returns to college while correcting for selection in to employment has large effects for females. The results suggest that failure to account for risk and selection in to employment when calculating returns to education leads to biased estimates.

Nutzungshinweis
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