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Absolute Risk Aversion and the Returns to Education
Returns to education instrumental variables
2013/10/17
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 ...
Smoking, Discount Rates, and Returns to Education
Returns to education instrumental variables ability bias discount rates
2013/10/18
Individual time preference determines schooling enrolment. Moreover, smoking behavior in early ages has been shown to be highly related to time preference rates. Accordingly, we use smoking at age 16 ...
The purpose of this paper is to provide an update of the empirical evidence on the private returns to education in Italy. First, we show that, whilst returns to education in Italy (based on gross wage...
Are Austrian Returns to Education Falling Over Time?
Returns to education quantile regression sample selection
2013/10/17
In this paper we make a systematic presentation of returns to education in Austria for the period 1981-1997. We use consistent cross-sections from the Mikrozensus and find falling returns over time. T...