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Does Education Reduce Wage Inequality? Quantile Regressions Evidence from Fifteen European Countries
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Resumo(s)
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 analyzing 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.
Descrição
Palavras-chave
Returns to Education Earnings Inequality Quantile Regressions Ability Education Systems Labour-Market Institutions
Contexto Educativo
Citação
Telhado Pereira, Pedro and Martins, Pedro S., Does Education Reduce Wage Inequality? Quantile Regressions Evidence from Fifteen European Countries (February, 2000). FEUNL Working Paper Series No. 379