We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We … college education cannot universally be considered an insurance against unpredictability of wages. One conclusion is …

We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We … college education cannot universally be considered an insurance against unpredictability of wages. One conclusion is …

heterogeneity ; selectivity ; education ; replication …We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We … college education cannot universally be considered an insurance against unpredictability of wages. One conclusion is …

We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We … college education cannot universally be considered an insurance against unpredictability of wages. One conclusion is …

We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education to data … for the USA, the UK and Germany. We find that in residual wage variation, uncertainty by far dominates unobserved … heterogeneity. The relation between uncertainty and level of education is not monotonic and differs among countries. …

We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We … college education cannot universally be considered an insurance against unpredictability of wages. One conclusion is …

We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We … college education cannot universally be considered an insurance against unpredictability of wages. One conclusion is …

We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We … college education cannot universally be considered an insurance against unpredictability of wages. One conclusion is …

demonstrate that the role of education in explaining the gender earnings gap has been limited and even decreased over cohorts … gender earnings gap. As educational attainment is cohortdependent, an Age-Period-Cohort analysis is most appropriate in our … view. Using the Luxembourg Income Study (LIS) data, we show that while in terms of attainment of tertiary education women …