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dc.contributor.authorHartog, Joopen
dc.contributor.authorSerrano, Luis Diazen
dc.date.accessioned2009-01-28T16:18:01Z-
dc.date.available2009-01-28T16:18:01Z-
dc.date.issued2002-
dc.identifier.urihttp://hdl.handle.net/10419/20941-
dc.description.abstractWe 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 may be reversed topositive.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x641en
dc.subject.jelI21en
dc.subject.ddc330en
dc.subject.keywordearnings risken
dc.subject.keywordschooling decisionsen
dc.subject.stwBildungsverhaltenen
dc.subject.stwStudiumen
dc.subject.stwVerdienstausfallen
dc.subject.stwEinkommenen
dc.subject.stwRisikoen
dc.subject.stwSchätzungen
dc.subject.stwSpanienen
dc.titleEarnings Risk and Demand for Higher Education: A Cross-Section Test for Spain-
dc.typeWorking Paperen
dc.identifier.ppn846310082en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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