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| Format: | Artículo científico |
| Language: | en |
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Fundación SEPI
2006
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| Online Access: | https://www.redalyc.org/articulo.oa?id=17330207 |
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| _version_ | 1866555775843827712 |
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| author | Luis Díaz-Serrano |
| author_facet | Luis Díaz-Serrano |
| contents | Is there a risk-return trade-off in educational choices? Evidence from Spain Luis Díaz-Serrano Joop Hartog Economía y Finanzas Risk aversion skewness affection educational choices compensating wage differentials We use data from Spain to test for an e��ect of earnings variance and skewnesson individual wages. We carry out separate estimations for men andwomen. In accordance with the scant previous evidence mainly focused onthe US, we report the existence of a risk-return trade-o�� across educationalchoices in the Spanish labor market. These results are in conformity withpreferences of risk-averse individuals with decreasing absolute risk aversionand hence, with preference for skewness. In contrast with the previous literature,our analysis is based just in education cells, instead of on occupation oroccupation/education cells. This improvement allows us to capture in a moresuitable way the essence of earnings risk. 2006 artículo científico 0210-1521 https://www.redalyc.org/articulo.oa?id=17330207 en http://www.redalyc.org/revista.oa?id=173 Investigaciones Económicas application/pdf Fundación SEPI Investigaciones Económicas (España) Num.2 Vol.XXX |
| format | Artículo científico |
| id | redalyc_17330207 |
| language | en |
| publishDate | 2006 |
| publisher | Fundación SEPI |
| spellingShingle | Is there a risk-return trade-off in educational choices? Evidence from Spain Luis Díaz-Serrano Economía y Finanzas Risk aversion skewness affection educational choices compensating wage differentials Is there a risk-return trade-off in educational choices? Evidence from Spain Luis Díaz-Serrano Joop Hartog Economía y Finanzas Risk aversion skewness affection educational choices compensating wage differentials We use data from Spain to test for an e��ect of earnings variance and skewnesson individual wages. We carry out separate estimations for men andwomen. In accordance with the scant previous evidence mainly focused onthe US, we report the existence of a risk-return trade-o�� across educationalchoices in the Spanish labor market. These results are in conformity withpreferences of risk-averse individuals with decreasing absolute risk aversionand hence, with preference for skewness. In contrast with the previous literature,our analysis is based just in education cells, instead of on occupation oroccupation/education cells. This improvement allows us to capture in a moresuitable way the essence of earnings risk. 2006 artículo científico 0210-1521 https://www.redalyc.org/articulo.oa?id=17330207 en http://www.redalyc.org/revista.oa?id=173 Investigaciones Económicas application/pdf Fundación SEPI Investigaciones Económicas (España) Num.2 Vol.XXX |
| title | Is there a risk-return trade-off in educational choices? Evidence from Spain |
| topic | Economía y Finanzas Risk aversion skewness affection educational choices compensating wage differentials |
| url | https://www.redalyc.org/articulo.oa?id=17330207 |