The risk of investment in schooling has largely been ignored. We assess the variance in the rate of return by surveying … positively skewed. Our best guess of ex ante risk in university education is a coefficient of variation of about 0.3, comparable …

The risk of investment in schooling has largely been ignored. We assess thevariance in the rate of return by surveying … skewed. Our best guess of ex ante risk in university education is a coefficient ofvariation of about 0.3, comparable to that …

While uncertainty abounds in almost any decision on investment in schooling, it is mostly ignored in research and … the option of consumption smoothing in analytical and empirical work. Hedging labour market risk in the stock market can … virtually absent in labour economics text books. This paper documents the scope for risk, discusses the tough disentanglement of …

We estimate a dynamic model of individual labour market careers (turnover and search, wage development) on Portuguese … the internal labour market than from the external market. This holds even more for mature than for young individuals. This … the literature on wage effects we add a breakdown of variances in heterogeneity and risk. …

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 deciding on attending university education, by measuring risk as the … risk aversion, the response may be reversed to positive. …

Firms hiring fresh graduates face uncertainty on the future productivity of workers. Theory suggests that starting … wages reflect this, with lower pay for greater uncertainty. We use the dispersion of exam grades within a field of education … if the variance of exam grades is higher and higher if the skew is higher: employers shift the cost of productivity risk …

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 deciding on attending university education, by measuring risk as the … risk aversion, the response may be reversed to positive. …

This paper analyses the effect of risk attitudes of firm owners on profits among micro and small enterprises (MSEs) in … Lagos, Nigeria. Higher risk perceptions are shown to have a significant positive effect on profits, whereas risk propensity … firms earn lower profits. Overall, the results suggest that being aware and dealing cautiously with risk leads to higher …