Earnings Dispersion , Risk Aversion and Education

@inproceedings{Belzil2002EarningsD,
  title={Earnings Dispersion , Risk Aversion and Education},
  author={Christian Belzil and J{\"o}rgen Hansen},
  year={2002}
}
Earnings Dispersion, Risk Aversion and Education We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We allow endogenous schooling attainments to affect the level of risk experienced in labor market earnings through wage dispersion and employment rate… CONTINUE READING

References

Publications referenced by this paper.
Showing 1-10 of 16 references

Intergenerational Transfers

Keane, P Michael, Wolpin, Kenneth
International Economic Review, • 2001
View 2 Excerpts

) “ Natural Natural Experiments in Economics ”

Rosenzweig Mark, K. Wolpin
Journal of Economic Literature • 2000

Youth Employment and Academic Performance in High School

Eckstein, Zvi, Kenneth Wolpin
1999
View 2 Excerpts

Life Cycle Schooling and Dynamic Selection Bias: Models and Evidence for Five Cohorts of American Males

Cameron, Stephen, Heckman, James
Journal of Political Economy, • 1998
View 2 Excerpts