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Absolute risk aversion and the returns to education

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Bibliographic Details
Authors and Corporations: Brunello, Giorgio (Author)
Type of Resource: E-Book
Language: English
Bonn Institute for the Study of Labor (IZA) 2000
Series: Forschungsinstitut zur Zukunft der Arbeit: Discussion paper series ; 192
Source: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
Summary: 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.
Physical Description: Online-Ressource ([1], 10 S.)
Type of Resource: Systemvoraussetzungen: PDF-Reader.