Literaturnachweis - Detailanzeige
Autor/inn/en | Hartog, Joop; Van Ophem, Hans; Bajdechi, Simona Maria |
---|---|
Titel | Simulating the Risk of Investment in Human Capital |
Quelle | In: Education Economics, 15 (2007) 3, S.259-275 (17 Seiten)Infoseite zur Zeitschrift
PDF als Volltext |
Sprache | englisch |
Dokumenttyp | gedruckt; online; Zeitschriftenaufsatz |
ISSN | 0964-5292 |
Schlagwörter | Parent Background; Human Capital; Educational Attainment; Risk; Higher Education; Simulation; Profiles; Income; Money Management; Decision Making; Statistical Data; Equations (Mathematics) |
Abstract | The risk of investment in schooling has largely been ignored. We mimic the investment decision facing a student and simulate risky earnings profiles in alternative options, with parameters taken from the very limited evidence. The distribution of rates of return appears positively skewed. Our best estimate of "ex ante" risk in university education is a coefficient of variation of about 0.3, comparable with that in a randomly selected financial portfolio with some 30 stocks. With risk attitudes varying by parental background, this may be relevant for differences in schooling participation rates. Allowing for stochastic components in earnings also markedly affects expected returns. (Contains 1 table, 1 figure and 2 notes.) (Author). |
Anmerkungen | Routledge. Available from: Taylor & Francis, Ltd. 325 Chestnut Street Suite 800, Philadelphia, PA 19106. Tel: 800-354-1420; Fax: 215-625-2940; Web site: http://www.tandf.co.uk/journals/default.html |
Erfasst von | ERIC (Education Resources Information Center), Washington, DC |
Update | 2017/4/10 |