Resource title

Absolute Risk Aversion and the Returns to Education

Resource image

image for OpenScout resource :: Absolute Risk Aversion and the Returns to Education

Resource description

Individual absolute risk aversion is measured for a sample of 1373 male household heads, using the 1995 wave of the Survey on the Income and Wealth of Italian households. This measure, conditional on financial and real wealth and household income, is used as an instrument for attained education in a standard log earnings equation. I find that, in line with the literature, the gap between IV and OLS estimates of the returns to education is large.

Resource author

Giorgio Brunello

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/21035

Resource license

Adapt according to the presented license agreement and reference the original author.