Arbeitspapier

More Education, Less Volatility? The Effect of Education on Earnings Volatility over the Life Cycle

Much evidence suggests that having more education leads to higher earnings in the labor market. However, there is little evidence about whether having more education causes employees to experience lower earnings volatility or shelters them from the adverse effects of recessions. We use a large British administrative panel data set to study the impact of the 1972 increase in compulsory schooling on earnings volatility over the life cycle. Our estimates suggest that men exposed to the law change subsequently had lower earnings variability and less pro-cyclical earnings. However, there is little evidence that education affects earnings volatility of older men.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 11107

Klassifikation
Wirtschaft
Returns to Education
Labor Economics: General
Thema
return to education
earnings volatility

Ereignis
Geistige Schöpfung
(wer)
Delaney, Judith
Devereux, Paul J.
Ereignis
Veröffentlichung
(wer)
Institute of Labor Economics (IZA)
(wo)
Bonn
(wann)
2017

Handle
Letzte Aktualisierung
08.09.2024, 02:32 MESZ

Datenpartner

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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Delaney, Judith
  • Devereux, Paul J.
  • Institute of Labor Economics (IZA)

Entstanden

  • 2017

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