Is there a return-risk link in education?
AbstractRisk averse investors have to be compensated in higher expected returns when facing investments with higher risk. Education is an important investment therefore we use the results for 16 countries to test the positive relationship between return to education and the risk involved in this investment. It seems that most of the countries fit the pattern well: higher risk - higher return.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 75 (2002)
Issue (Month): 1 (March)
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Web page: http://www.elsevier.com/locate/ecolet
Other versions of this item:
- C29 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Other
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
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- Pereira, Pedro Telhado & Martins, Pedro Silva, 2000.
"Does Education Reduce Wage Inequality? Quantile Regressions Evidence from Fifteen European Countries,"
FEUNL Working Paper Series
wp379, Universidade Nova de Lisboa, Faculdade de Economia.
- Pereira, Pedro T. & Martins, Pedro S., 2000. "Does Education Reduce Wage Inequality? Quantile Regressions Evidence from Fifteen European Countries," IZA Discussion Papers 120, Institute for the Study of Labor (IZA).
- Pereira, Pedro Telhado & Martins, Pedro Silva, 2002. "Does Education Reduce Wage Inequality? Quantile Regressions Evidence from Fifteen European Countries," Discussion Papers 709, The Research Institute of the Finnish Economy.
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