Risk Aversion and Human Capital Investment: a Structural Econometric Model

We propose to model individual educational investments as a rational decision, maximizing expected utility, conditional on some characteristics observed by the student, under the combined risks affecting future wages and schooling duration. Assuming that students' attitudes toward risk can be r...

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Bibliographic details
Main Author: Prieto, Ana
Gary-Bobo, Robert Jean Michel
Brodaty, Thomas
Format: Paper
Language: English
Place of publication: 15.03.2006
Related: THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise
Data of publication: 2006/03/15
Series: THEMA Working Papers
Online Access: available in Bonn?
Database: RePEc IDEAS
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