compensated for the financial risk of investing in an education. …

Utility theory suggests that foreseeable risk should increase the compensation for work. This paper expands on this … notion: on basis of utility theory, people should care not only about risk but also about the skewness in the distribution of … the compensation paid. In particular, because the degree of risk aversion ought to decrease with income, people should …

We use two large Dutch datasets to estimate the Risk Augmented Mincer equation and test for risk compensation in … expected earnings. We replicate earlier findings of a positive premium for risk and a negative premium for skew and add … educations but obtain identical risk compensation. Among recent graduates, women receive higher risk compensation than men …

although risk can be measured, uncertainty cannot be measured. Even though risk can be measured, a simple symmetric measure … attempt at "measuring" risk or (fundamental) uncertainty is flawed. …

Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper … vocational high school. Accounting for risk does little to change this picture. By contrast, vocational high school is associated …

This paper looks at the joint impact of labour market risk and selection in to the labour market on returns to … education. Accounting for non-employment risk leads to substantial changes in returns while wage risk has little impact. The … risk- adjusted returns to both high school and college for males are larger than unadjusted returns. For females, risk …