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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...
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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/10014050086
Eliciting expectation and introducing probabilistic questions into surveys have gained important interest. In this study, we focus on the reliability of students’ earnings expectations. To what extent is observed log earnings expectations affected by random measurement error (noise)? A...
Persistent link: https://www.econbiz.de/10011641514
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
Persistent link: https://www.econbiz.de/10002684282
We investigate the socio-economic determinants of mortgage delinquency in 12 EU countries and observe that income … volatility significantly increases the mortgage delinquency risk. This pattern even holds for borrowers with higher-income … profiles if volatility in income is high enough. From this result we can draw the following conclusions: i) mortgage protection …
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