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Belzil, Christian; Leonardi, Marco - HAL - 2007

risk aversion on the probability of entering higher education. This allows us to characterize the subjective (as opposed to … the objective) effect of higher education on marginal risk exposure. Because the measure of risk aversion (the classical … (comparable to parents' educational background) of the decisions to enter higher education. Precisely, risk aversion acts as a …

Persistent link: https://www.econbiz.de/10008790621

Subjective Beliefs and Schooling Decisions

Belzil, Christian - HAL - 2007

This paper considers the estimation of sequential schooling decisions made by agents who are endowed with subjective beliefs about their own ability. I use unique Italian panel data which provide information on i) the curvature of the per-period utility function, ii) schooling decisions, iii)...

Persistent link: https://www.econbiz.de/10008791750

Can Risk Aversion Explain Schooling Attainments?: evidence from Italy

Belzil, Christian; Leonardi, Marco - HAL - 2007

the probability of entering higher education. Differences in ability(ies) and in parental human capital are much more …

Persistent link: https://www.econbiz.de/10008790910

Can Risk Aversion Explain Schooling Attainments? Evidence From Italy

Belzil, Christian; Leonardi, Marco - HAL - 2006

probability of entering higher education. Differences in ability(ies) and in parental human capital are much more important. in …

Persistent link: https://www.econbiz.de/10008793102

Can Risk Aversion Explain Schooling Attainments? Evidence from Italy

Belzil, Christian; Leonardi, Marco - Institute for the Study of Labor (IZA) - 2006

risk aversion at low grade levels, but increase with risk aversion at the time when the decision to enter higher education … education. Differences in parental human capital and ability(ies) are much more important. …

Persistent link: https://www.econbiz.de/10005762083