Brodaty, Thomas; Gary-Bobo, Robert J.; Prieto, Ana - In: Journal of Public Economics 117 (2014) C, pp. 125-148
additional sources of risk. In particular, the time needed to complete a degree is random. The data show that time-to-degree is … individual education choices. The risk affecting education costs and, in particular, the randomness of time-to-degree, also plays …