Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …

dropping out of upper-secondary education. Further, for students who finish education we show that one month before termination … about human capital acquisition and labor market transition with important implications for education and labor market …

that student interactions outside the classroom—especially in adolescence—may be an important factor in the education …