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We survey the literature on the Risk Augmented Mincer equation that seeks to estimate the compensation for uncertainty …
Persistent link: https://www.econbiz.de/10008565192
We survey the literature on the Risk Augmented Mincer equation that seeks to estimate the compensation for uncertainty … from education. -- Human capital ; earnings function ; risk …
Persistent link: https://www.econbiz.de/10003900500
We survey the literature on the Risk Augmented Mincer equation that seeks to estimate the compensation for uncertainty …
Persistent link: https://www.econbiz.de/10013155555
Could differences in risk attitudes explain parts of the gender wage gap? We present estimates on the association … between labor market outcomes and financial risk-taking using individual level administrative data on individual wealth … with the wage rate. However, it turns out that our risk measure explains only a small part of the observed gender …
Persistent link: https://www.econbiz.de/10012296002
This paper examines whether the results of the earnings equation developed in the overeducation/required eduation/under-education (ORU) literature are sensitive to whether the usual or reference levels of education are measured using the Realized Matches or Worker Self-Assessment methods. The...
Persistent link: https://www.econbiz.de/10010271256
Could differences in risk attitudes explain parts of the gender wage gap? We present estimates on the association … between labor market outcomes and financial risk-taking using individual level administrative data on individual wealth … with the wage rate. However, it turns out that our risk measure explains only a small part of the observed gender …
Persistent link: https://www.econbiz.de/10012660606
an analytical decomposition of performance pay into four terms that capture (i) the trade-off between risk and incentives … characteristic of settings of moral hazard; (ii) the insurance that firms provide against the wage risk due to the uncertainty about … the contemporaneous trade-off between risk and incentives--the primary determinant of variable pay in static moral …
Persistent link: https://www.econbiz.de/10013334409
This paper surveys the existing empirical research that uses search theory to empirically analyze labor supply questions in a structural framework, using data on individual labor market transitions and durations, wages, and individual characteristics. The starting points of the literature are...
Persistent link: https://www.econbiz.de/10010273738
This paper surveys the existing empirical research that uses search theory to empirically analyze labor supply questions in a structural framework, using data on individual labor market transitions and durations, wages, and individual characteristics. The starting points of the literature are...
Persistent link: https://www.econbiz.de/10013319635
We investigate the major choice of college graduates where we make choice dependent on expected initial wages and expected wage growth per major. We build a model that allows us to estimate these factors semiparametrically and that corrects for selection bias. We estimate the model on the...
Persistent link: https://www.econbiz.de/10012228687