This paper documents the relation between risk attitude and college attendance. A measure of the degree of risk aversion is constructed based upon the National Longitudinal Survey for Youth. Statistics and estimation results suggest that risk aversion may have a negative impact on the decision to attend college. Several potential endogeneity problems are discussed.
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Paper provided by University at Albany, SUNY, Department of Economics in its series Discussion Papers with number
03-03.
Length: Date of creation: 2003 Date of revision: Handle: RePEc:nya:albaec:03-03
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Find related papers by JEL classification: J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
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