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We develop a simple human capital model for optimum schooling length when earnings are stochastic, and highlight the pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and to estimate individual response to earnings risk in...
Persistent link: https://www.econbiz.de/10011327826
Students' choices in education can only be based on expected outcomes. Econometric models that infer expectations based …
Persistent link: https://www.econbiz.de/10011544177
As Switzerland experiences a severe shortage of nurses, this paper investigates the impact of students' ex ante wage …. This suggests that policies that increase returns from studying nursing can attract students to nursing. In addition, the …
Persistent link: https://www.econbiz.de/10011283119
Persistent link: https://www.econbiz.de/10011924850
We use a unique data set about the wage distribution that Swiss students expect for themselves ex ante, deriving … which handicapped the use of actual market wage dispersion as risk measure in earlier studies. Students in our sample … risk as expected by students we find compensation at similar elasticities as observed in market data. The results are …
Persistent link: https://www.econbiz.de/10003825129
students possess before their decision on tertiary education participation. The sample is prone to selective participation and …
Persistent link: https://www.econbiz.de/10009306855
Persistent link: https://www.econbiz.de/10009297307
Given a severe nurse shortage in Switzerland, this paper investigates Swiss students choice for nursing college … suggests a role for policies that increase returns from studying nursing to attract students to nursing. In addition, the …
Persistent link: https://www.econbiz.de/10010488507
As Switzerland experiences a severe shortage of nurses, this paper investigates the impact of students' ex ante wage …. This suggests that policies that increase returns from studying nursing can attract students to nursing. In addition, the …
Persistent link: https://www.econbiz.de/10013016374
Persistent link: https://www.econbiz.de/10010222454