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
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Englisch
- Erschienen in
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Series: IZA Discussion Papers ; No. 11107
- Klassifikation
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Wirtschaft
Returns to Education
Labor Economics: General
- Thema
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return to education
earnings volatility
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Delaney, Judith
Devereux, Paul J.
- Ereignis
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Veröffentlichung
- (wer)
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Institute of Labor Economics (IZA)
- (wo)
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Bonn
- (wann)
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2017
- Handle
- Letzte Aktualisierung
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08.09.2024, 02:32 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Delaney, Judith
- Devereux, Paul J.
- Institute of Labor Economics (IZA)
Entstanden
- 2017