Arbeitspapier
Absolute risk aversion and the returns to education
Individual absolute risk aversion is measured for a sample of 1373 male household heads, using the 1995 wave of the Survey on the Income and Wealth of Italian households. This measure, conditional on financial and real wealth and household income, is used as an instrument for attained education in a standard log earnings equation. I find that, in line with the literature, the gap between IV and OLS estimates of the returns to education is large.
- Language
-
Englisch
- Bibliographic citation
-
Series: Nota di Lavoro ; No. 29.2001
- Classification
-
Wirtschaft
Human Capital; Skills; Occupational Choice; Labor Productivity
Wage Level and Structure; Wage Differentials
- Subject
-
Bildungsertrag
Risikoaversion
Bildungsverhalten
Regression
Schätzung
Italien
- Event
-
Geistige Schöpfung
- (who)
-
Brunello, Giorgio
- Event
-
Veröffentlichung
- (who)
-
Fondazione Eni Enrico Mattei (FEEM)
- (where)
-
Milano
- (when)
-
2001
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Brunello, Giorgio
- Fondazione Eni Enrico Mattei (FEEM)
Time of origin
- 2001
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