wage inequality due to differences in the mean and dispersion of wages between matched and mismatched workers. Chapter 4 … permanent component of earnings risk is compensated by higher wages while transitory risks are associated with a wage penalty … compensation in wages: Firstly, compensation for earnings risk is considerably higher for less risk averse workers. Secondly, the …

pecuniary for prospective students. 7 This dissertation adds to the literature with three self-contained chapters dealing with …