Saks, Raven; Shore, Stephen - In: Advances in Economic Analysis & Policy 5 (2005) 1, pp. 1414-1414
Choosing a type of education is one of the largest financial decisions we make. Educational investment differs from other types of investment in that it is indivisible and non-tradable. These differences lead agents to demand a premium to enter careers with more idiosyncratic risk. Since the...