More Education, Less Volatility? The Effect of Education on Earnings Volatility over the Life Cycle
|Title:||More Education, Less Volatility? The Effect of Education on Earnings Volatility over the Life Cycle||Authors:||Delaney, Judith M.; Devereux, Paul J.||Permanent link:||http://hdl.handle.net/10197/9097||Date:||Oct-2017||Online since:||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/Report no.:||UCD Centre for Economic Research Working Paper Series; 2017/23||Copyright (published version):||2017 the Authors||Keywords:||Returns to education; Earnings volatility||JEL Codes:||I26; J01||Language:||en||Status of Item:||Not peer reviewed||This item is made available under a Creative Commons License:||https://creativecommons.org/licenses/by-nc-nd/3.0/ie/|
|Appears in Collections:||Economics Working Papers & Policy Papers|
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