Risk Aversion and College Attendance
Stacey Chen ()
Discussion Papers from University at Albany, SUNY, Department of Economics
This paper documents the relation between risk attitude and college attendance. A measure of the degree of risk aversion is constructed based upon the National Longitudinal Survey for Youth. Statistics and estimation results suggest that risk aversion may have a negative impact on the decision to attend college. Several potential endogeneity problems are discussed.
Keywords: Risk Aversion; Schooling Choice (search for similar items in EconPapers)
JEL-codes: J31 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:nya:albaec:03-03
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