Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/66862 
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dc.contributor.authorGlocker, Danielaen
dc.contributor.authorStorck, Johannaen
dc.date.accessioned2012-11-23-
dc.date.accessioned2012-11-26T10:33:52Z-
dc.date.available2012-11-26T10:33:52Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/66862-
dc.description.abstractApplying a financial assets approach, we analyze the returns and earnings risk of investments into different types of human capital. Even though the returns from investing in human capital are extensively studied, little is known about the properties of the returns to different types of human capital within a given educational path. Using information from the German Micro Census, we estimate the risk and returns to around 70 fields of education and differentiate between vocational and academic education. We identify fields of education that are efficient investment goods, i.e. high returns at a given level of risk, and fields that are chosen for other (non-monetary) reasons. Furthermore, we rank fields of education by their return per unit of risk and find that university education is not always superior to other educational paths.en
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x1240en
dc.subject.jelI21en
dc.subject.jelJ24en
dc.subject.ddc330en
dc.subject.keywordEducational Choiceen
dc.subject.keywordHuman Capital Investmenten
dc.subject.keywordReturns to Schoolingen
dc.subject.keywordMean-Variance Analysisen
dc.titleRisk and returns to educational fields: A financial asset approach to vocational and academic education-
dc.typeWorking Paperen
dc.identifier.ppn730387054en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp1240en

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