Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21035 
Year of Publication: 
2000
Series/Report no.: 
IZA Discussion Papers No. 192
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
Individual absolute risk aversion is measured for a sample of 1373 male household heads, using the 1995 wave of the Survey on the Income and Wealth of Italian households. This measure, conditional on financial and real wealth and household income, is used as an instrument for attained education in a standard log earnings equation. I find that, in line with the literature, the gap between IV and OLS estimates of the returns to education is large.
Subjects: 
Returns to education
instrumental variables
JEL: 
J24
J31
Document Type: 
Working Paper

Files in This Item:
File
Size
166.17 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.