Articles producció científica> Economia

Earnings risk and demand for higher education: A cross-section test for Spain

  • Datos identificativos

    Identificador: imarina:6385476
    Handle: http://hdl.handle.net/20.500.11797/imarina6385476
  • Autores:

    Hartog J
    Diaz-Serrano L
  • Otros:

    Autor según el artículo: Hartog J; Diaz-Serrano L
    Departamento: Economia
    Autor/es de la URV: Díaz Serrano, Luis
    Palabras clave: Schooling decisions In-variables models Earnings risk uncertainty schooling decisions returns life-cycle estimator empirical-analysis aversion
    Resumen: 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.
    Áreas temáticas: Interdisciplinar General economics,econometrics and finance Economics, econometrics and finance (miscellaneous) Economics, econometrics and finance (all) Economics Economia Ciencias sociales
    Acceso a la licencia de uso: https://creativecommons.org/licenses/by/3.0/es/
    ISSN: 15140326
    Direcció de correo del autor: luis.diaz@urv.cat
    Identificador del autor: 0000-0001-9479-5091
    Fecha de alta del registro: 2023-05-21
    Versión del articulo depositado: info:eu-repo/semantics/publishedVersion
    Enlace a la fuente original: https://www.tandfonline.com/doi/abs/10.1080/15140326.2007.12040479
    URL Documento de licencia: http://repositori.urv.cat/ca/proteccio-de-dades/
    Referencia al articulo segun fuente origial: Journal Of Applied Economics. 10 (1): 1-28
    Referencia 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
    DOI del artículo: 10.1080/15140326.2007.12040479
    Entidad: Universitat Rovira i Virgili
    Año de publicación de la revista: 2007
    Tipo de publicación: Journal Publications
  • Palabras clave:

    Economics,Economics, Econometrics and Finance (Miscellaneous)
    Schooling decisions
    In-variables models
    Earnings risk
    uncertainty
    schooling decisions
    returns
    life-cycle
    estimator
    empirical-analysis
    aversion
    Interdisciplinar
    General economics,econometrics and finance
    Economics, econometrics and finance (miscellaneous)
    Economics, econometrics and finance (all)
    Economics
    Economia
    Ciencias sociales
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