Is there a Return-Risk Link in Education?

Pedro Pereira and Pedro Martins

No 321, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Risk averse investors have to be compensated in higher expected returns when facing investments with higher risk. Education is an important investment therefore we use the results for 16 countries to test the positive relationship between return to education and the risk involved in this investment. It seems that most of the countries fit the pattern well: higher risk - higher return.

Keywords: quantile regression; risk; Returns to education (search for similar items in EconPapers)
JEL-codes: C29 I21 J24 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2001-07
New Economics Papers: this item is included in nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

Published - published in: Economics Letters, 2002, 75 (1), 31-37

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Journal Article: Is there a return-risk link in education? (2002)
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