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Risk and career choice: Evidence from Turkey

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  • Caner, Asena
  • Okten, Cagla

Abstract

In this paper, we examine the college major choice decision in a risk and return framework using university entrance exam data from Turkey. Specifically we focus on the choice between majors with low income risk such as education and health and others with riskier income streams. We use a unique dataset that allows us to control for the choice set of students and parental attitudes towards risk. Our results show that father's income, self-employment status and social security status are important factors influencing an individual in choosing a riskier career such as business over a less risky one such as education or health.

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Bibliographic Info

Article provided by Elsevier in its journal Economics of Education Review.

Volume (Year): 29 (2010)
Issue (Month): 6 (December)
Pages: 1060-1075

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Handle: RePEc:eee:ecoedu:v:29:y:2010:i:6:p:1060-1075

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Web page: http://www.elsevier.com/locate/econedurev

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Keywords: Career choice Labor income risk Income Education Turkey;

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Citations

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Cited by:
  1. Caner, Asena & Okten, Cagla, 2012. "Higher Education in Turkey: Subsidizing the Rich or the Poor?," IZA Discussion Papers 7011, Institute for the Study of Labor (IZA).
  2. Verónica Frisancho & Kala Krishna & Sergey Lychagin & Cemile Yavas, 2013. "Better Luck Next Time: Learning Through Retaking," NBER Working Papers 19663, National Bureau of Economic Research, Inc.
  3. Goldbach, Stefan, 2012. "Innovation and Education: Is there a 'Nerd Effect'?," Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century 62307, Verein für Socialpolitik / German Economic Association.
  4. Verena Jung & Sascha L. Schmidt & Benno Torgler, . "Antecedents of Attitudes Towards Risky Career Choices," School of Economics and Finance Discussion Papers and Working Papers Series 297, School of Economics and Finance, Queensland University of Technology.
  5. Maestri, Virginia, 2013. "Promoting scientific faculties: Does it work? Evidence from Italy," Economics of Education Review, Elsevier, vol. 32(C), pages 168-180.
  6. Maria De Paola & Francesca Gioia, 2011. "Risk Aversion And Major Choice: Evidence From Italian Students," Working Papers 201107, Università della Calabria, Dipartimento di Economia, Statistica e Finanza (Ex Dipartimento di Economia e Statistica).
  7. De Paola, Maria & Gioia, Francesca, 2013. "Does Patience Matter for Marriage Stability? Some Evidence from Italy," IZA Discussion Papers 7769, Institute for the Study of Labor (IZA).

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