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This paper investigates how exposure to higher-achieving male and female peers in university affects students’ major … choices and labor market outcomes. For identification of causal effects, we exploit the random assignment of students to …
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achievement. We exploit random assignment of students to university sections and find that students perform better in the presence … of more persistent peers and more risk-averse peers. In particular, low-persistence students benefit from highly …-persistent peers without devoting additional efforts to studying. However, highly-persistent students are not affected by the …
Persistent link: https://www.econbiz.de/10011752330
achievement. We exploit random assignment of students to university sections and find that students perform better in the presence … of more persistent peers and more risk-averse peers. In particular, low-persistence students benefit from highly …-persistent peers without devoting additional efforts to studying. However, highly-persistent students are not affected by the …
Persistent link: https://www.econbiz.de/10012943436
We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
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