Inversión en educación en México: Rendimientos y riesgo

Nadyra Rodriguez Arias (), Julia Hirsch () and Humberto Banda Ortiz ()
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Nadyra Rodriguez Arias: Universidad Autónoma de Querétaro, Mexico
Julia Hirsch: Universidad Autónoma de Querétaro, Mexico
Humberto Banda Ortiz: Universidad Autónoma de Querétaro, Mexico

Revista de Analisis Economico – Economic Analysis Review, 2020, vol. 35, issue 1, 1-25

Abstract: To determine the convenience of investing in more years of education after graduating from high school, the aim is to analyze a scenario under uncertainty as well as the household valuation of risk given the US subprime bubble. By using real option value and expected utility the main results are: 1) The optimal choice is to invest in more years of education immediately after graduating from high school; 2) The expected utility of investing is higher for risk-averse households and 3) No important differences were found in the observed periods, except with the reduction in wages between 2009 and 2013.

Keywords: Schooling investment returns; real option value; choice under uncertainty (search for similar items in EconPapers)
JEL-codes: G11 I26 (search for similar items in EconPapers)
Date: 2020
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