Risk Aversion and College Attendance

Stacey H. Chen

Discussion Papers from University at Albany, SUNY, Department of Economics

Abstract: 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)
Date: 2003
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Citations: View citations in EconPapers (1)

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