TY  - RPRT
        AU  - Hartog, Joop
        TI  - A Risk Augmented Mincer Earnings Equation? Taking Stock
        PY  - 2009/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 4439
        UR  - https://www.iza.org/publications/dp4439
        AB  - We survey the literature on the Risk Augmented Mincer equation that seeks to estimate the compensation for uncertainty in the future wage to be earned after completing an education. There is wide empirical support for the predicted positive effect of wage variance and the negative effect of wage skew. We discuss robustness of the findings across specifications, potential bias from unobserved heterogeneity and selectivity and consider the core issue of students’ information on benefits from education.
        KW  - earnings function
KW  - human capital
KW  - risk
        ER  -