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Title:
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Why do we ignore risk in schooling decisions?
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Author:
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Hartog, Joop; Díaz Serrano, Lluís
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Other authors:
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Universitat Rovira i Virgili. Departament d'Economia; Universitat Rovira i Virgili. Centre de Recerca en Economia Industrial i Economia Pública |
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Abstract:
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While uncertainty abounds in almost any decision on investment in schooling, it is mostly
ignored in research and virtually absent in labour economics tekst books. This paper
documents the scope for risk, discusses the tough disentanglement of heterogeneity and risk,
surveys the analytical models, laments the absence of a good workhorse model and points out
the challenges worth tackling: document ex ante risk that investors face, develop a tractable
and malleable analytical model and integrate the option of consumption smoothing in
analytical and empirical work. Hedging labour market risk in the stock market can be safely
ignored. |
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Publication date:
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2014 |
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Subject (UDC):
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33 - Economia
37 - Educació. Ensenyament. Formació. Temps lliure |
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Subject(s):
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Economia de l'educació
Educació -- Aspectes econòmics |
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Rights:
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L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
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Pages:
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36 p. |
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Document type:
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Working Paper |
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Published by:
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Universitat Rovira i Virgili. Departament d'Economia
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Collection:
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Documents de treball del Departament d'Economia;2014-12
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