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| Author: | Diaz-Serrano, L. Hartog, J. Skyt Nielsen, H. |
| Title: | Compensating wage differentials for schooling risk in Denmark |
| Journal: | Scandinavian Journal of Economics
2008 : VOL. 110:4, p. 711-731 |
| Index terms: | earnings pay differentials risk premium Denmark |
| Language: | eng |
| Abstract: | The association between wage differentials and risk is analysed using detailed information on length and type of education as seen on Danish administrative registers. This paper distinguishes between transitory (time-series) and permanent (cross-sectional) income shocks, and estimates the compensation for both sorts of risk. It is found that wage risk in a given education cell is associated with higher wages, while skewness is associated with lower wages. |
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