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Education, Variation in Earnings, and Nonmonetary Compensation

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  • Alan D. Mathios
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    Abstract

    The NAS-NRC Twin Offspring data support the proposition that for those with low levels of education, earnings may be an adequate proxy for compensation, whereas the opposite holds for highly educated individuals. The inclusion of variables that control for reasons (monetary or nonmonetary) individuals chose their occupation explains an additional 9 percent of the variation in earnings for those with 16 or more years of education (and lowers the male female wage gap by almost 40 percent) and only an additional 2 percent for those with 15 years or less (no affect on male-female wage gap).

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    Bibliographic Info

    Article provided by University of Wisconsin Press in its journal Journal of Human Resources.

    Volume (Year): 24 (1989)
    Issue (Month): 3 ()
    Pages: 456-468

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    Handle: RePEc:uwp:jhriss:v:24:y:1989:i:3:p:456-468

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    Web page: http://jhr.uwpress.org/

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    Cited by:
    1. Delfgaauw, Josse, 2007. "The effect of job satisfaction on job search: Not just whether, but also where," Labour Economics, Elsevier, vol. 14(3), pages 299-317, June.
    2. Josse Delfgaauw, 2005. "The Effect of Job Satisfaction on Job Search: Not just whether, but also where," Tinbergen Institute Discussion Papers 05-097/1, Tinbergen Institute.
    3. Wells, Robert, 2010. "An examination of the utility bearing characteristics of occupations: A factor analytical approach," Economics Letters, Elsevier, vol. 108(3), pages 296-298, September.
    4. Josse Delfgaauw, 2005. "Where to go? Workers' Reasons to quit and Intra- versus Interindustry Job Mobility," Tinbergen Institute Discussion Papers 05-027/1, Tinbergen Institute, revised 08 Aug 2005.
    5. Garcia-Aracil, Adela & Winter, Carolyn, 2006. "Gender and ethnicity differentials in school attainment and labor market earnings in Ecuador," World Development, Elsevier, vol. 34(2), pages 289-307, February.
    6. Maria Abreu & Alessandra Faggian & Philip McCann, 2011. "Migration and inter-industry mobility of UK graduates: Effect on earnings and career satisfaction," ERSA conference papers ersa11p118, European Regional Science Association.

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