Analysing young people's educational choices, we derive and test implications of a relative risk aversion hypothesis: that educational choices are made so as to minimize the risk of ending up with a lower level of education than one's parents. These implications are in general different from...

Information and communication technology (ICT) is becoming increasingly important in construction although the rate of adoption is considered slow and the industry faces specific implementation challenges. Mainstream information systems research has shown that individuals' beliefs and...

The financial system provides three key services: payment services, intermediation between savers and borrowers, and insurance against risk. These services support the allocation of capital, and the production and exchange of goods and services, all of which are essential to a well-functioning...