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Zoekresultaten

Zoekopdracht: faculteit: "FEB" en publicatiejaar: "2003"

AuteursJ. Hartog, L. Diaz-Serrano
TitelEarnings risk and demand for higher education: a cross-section test for Spain
UitgeverRESAM
PlaatsAmsterdam
Jaar2003
Pagina's32
FaculteitFaculteit Economie en Bedrijfskunde
Instituut/afd.FEB: Research Institute in Economics and Econometrics Amsterdam (RESAM)
SamenvattingWe develop a simple human capital model for optimum schooling length when earnings are stochastic, and highlight the pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and to estimate individual response to earnings risk in deciding on attending university education, by measuring risk as the residual variance in regional earnings functions. We find that the basic response is negative but that in households with lower risk aversion, the response will be dampened substantially and may even be reversed to positive.
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