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More Education, Less Volatility? The Effect of Education on Earnings Volatility over the Life Cycle
Author(s)
Date Issued
2017-10
Date Available
2017-12-12T17:18:26Z
Abstract
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.
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Start Page
1
End Page
46
Series
UCD Centre for Economic Research Working Paper Series
2017/23
Copyright (Published Version)
2017 the Authors
Classification
I26
J01
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
File(s)
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Name
WP17_23.pdf
Size
628.94 KB
Format
Adobe PDF
Checksum (MD5)
5b39d3bbe029acde9c8421d027e355a4
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