How risky is investment in human capital?

Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18899

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DC Field	Value	Language
dc.creator	Hartog, Joop	-
dc.creator	van Ophem, Hans	-
dc.creator	Bajdechi, Simona Maria	-
dc.date	2004	-
dc.date.accessioned	2013-10-16T07:01:51Z	-
dc.date.available	2013-10-16T07:01:51Z	-
dc.date.issued	2013-10-16	-
dc.identifier	http://hdl.handle.net/10419/18899	-
dc.identifier	ppn:396998100	-
dc.identifier.uri	http://koha.mediu.edu.my:8181/xmlui/handle/10419/18899	-
dc.description	The risk of investment in schooling has largely been ignored. We assess the variance in the rate of return by surveying the international empirical literature from this fresh perspective and by simulating risky earnings profiles in alternative options, choosing parameters on basis of the very limited evidence. The distribution of rates of return appears positively skewed. Our best guess of ex ante risk in university education is a coefficient of variation of about 0.3, comparable to that in a randomly selected financial portfolio with some 30 stocks. Allowing for stochastic components in earnings also markedly affects expected returns.	-
dc.language	eng	-
dc.publisher		-
dc.relation	CESifo working papers 1261	-
dc.rights	http://www.econstor.eu/dspace/Nutzungsbedingungen	-
dc.subject	J3	-
dc.subject	I2	-
dc.subject	ddc:330	-
dc.subject	education	-
dc.subject	return	-
dc.subject	earnings dispersion	-
dc.subject	risk	-
dc.subject	Bildungsinvestition	-
dc.subject	Bildungsertrag	-
dc.subject	Risiko	-
dc.title	How risky is investment in human capital?	-
dc.type	doc-type:workingPaper	-
Appears in Collections:	EconStor

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