Autor segons l'article: Hartog J; Diaz-Serrano L
Departament: Economia
Autor/s de la URV: Díaz Serrano, Luis
Paraules clau: Schooling decisions In-variables models Earnings risk uncertainty schooling decisions returns life-cycle estimator empirical-analysis aversion
Resum: We 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.
Àrees temàtiques: Interdisciplinar General economics,econometrics and finance Economics, econometrics and finance (miscellaneous) Economics, econometrics and finance (all) Economics Economia Ciencias sociales
Accès a la llicència d'ús: https://creativecommons.org/licenses/by/3.0/es/
ISSN: 15140326
Adreça de correu electrònic de l'autor: luis.diaz@urv.cat
Identificador de l'autor: 0000-0001-9479-5091
Data d'alta del registre: 2023-05-21
Versió de l'article dipositat: info:eu-repo/semantics/publishedVersion
Referència a l'article segons font original: Journal Of Applied Economics. 10 (1): 1-28
Referència de l'ítem segons les normes APA: Hartog J; Diaz-Serrano L (2007). Earnings risk and demand for higher education: A cross-section test for Spain. Journal Of Applied Economics, 10(1), 1-28
URL Document de llicència: https://repositori.urv.cat/ca/proteccio-de-dades/
Entitat: Universitat Rovira i Virgili
Any de publicació de la revista: 2007
Tipus de publicació: Journal Publications
Repositori URV