@TechReport{iza:izadps:dp120, author={Pereira, Pedro T. and Martins, Pedro S.}, title={Does Education Reduce Wage Inequality? Quantile Regressions Evidence from Fifteen European Countries}, year={2000}, month={Feb}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={120}, url={https://www.iza.org/publications/dp120}, abstract={We address the impact of education upon wage inequality by drawing on evidence from fifteen European countries, during a period ranging between 1980 and 1995. We focus on within-educational-levels wage inequality by estimating quantile regressions of Mincer equations and analysing the differences in returns to education across the wage distribution and across time. Four different patterns emerge: 1) a positive and increasing contribution of education upon within-levels wage inequality -the case of Portugal; 2) a positive but stable role of education in terms of inequality - Austria, Finland, France, Ireland, Netherlands, Norway, Spain, Sweden, Switzerland, UK; 3) a neutral role - Denmark and Italy; and 4) a negative impact - Germany and Greece. We thus find that in most countries dispersion in earnings increases with educational levels and that education is a risky investment. These results suggest a positive interaction between schooling and ability with respect to earnings.}, keywords={education systems;ability;quantile regressions;labour-market institutions;Returns to education;earnings inequality}, }