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Diaz-Serrano, Luis and Hartog, Joop (2004) Earnings risk and Demand for Higher Education: A Cross-Section Test For Spain. UNSPECIFIED. (Unpublished)
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Abstract
We develop a simple human capital model for optimum schooling length when earnings are stockastic, 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 function. We Find that the Basic response is native but that in houleholds with lower risk aversion, the response will be dampened substantially and may even be reversed to positive.
| Item Type: | Other |
|---|---|
| Additional Information: | N137/08/04 Working paper series |
| Keywords: | earnings risk, schooling decisions |
| Academic Unit: | Faculty of Social Sciences > Economics, Finance and Accounting |
| Item ID: | 144 |
| Depositing User: | Ms Sandra Doherty |
| Date Deposited: | 19 Oct 2004 |
| Refereed: | No |
| URI: | https://mural.maynoothuniversity.ie/id/eprint/144 |
| Use Licence: | This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available here |
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