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On the return-risk link in education

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  • Corrado Andini

Abstract

In a contribution to Economics Letters, Pereira and Martins (2002) point out that there exists a positive link between risk and return in education. We perform a sensitivity analysis and argue that the evidence on this link is not robust.

Suggested Citation

  • Corrado Andini, 2009. "On the return-risk link in education," Applied Economics Letters, Taylor & Francis Journals, vol. 16(3), pages 307-314.
    • Handle: RePEc:taf:apeclt:v:16:y:2009:i:3:p:307-314
    DOI: 10.1080/13504850601018395
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    References listed on IDEAS

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    1. Lee, Sokbae, 2007. "Endogeneity in quantile regression models: A control function approach," Journal of Econometrics, Elsevier, vol. 141(2), pages 1131-1158, December.
    2. Corrado Andini, 2007. "Returns to education and wage equations: a dynamic approach," Applied Economics Letters, Taylor & Francis Journals, vol. 14(8), pages 577-579.
    3. Christiansen, Charlotte & Joensen, Juanna Schroter & Nielsen, Helena Skyt, 2007. "The risk-return trade-off in human capital investment," Labour Economics, Elsevier, vol. 14(6), pages 971-986, December.
    4. Vincent (Vincent Peter) Hogan & Ian Walker, 2003. "Education choice under uncertainty and public policy," Working Papers 200302, School of Economics, University College Dublin.
    5. Joop Hartog & Hans van Ophem & Simona Maria Bajdechi, 2004. "How Risky is Investment in Human Capital?," Tinbergen Institute Discussion Papers 04-080/3, Tinbergen Institute.
    6. Joop Hartog & Hans van Ophem & Simona Maria Bajdechi, 2004. "How Risky is Investment in Human Capital?," CESifo Working Paper Series 1261, CESifo.
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    Cited by:

    1. Andini, Corrado & Pereira, Pedro T., 2007. "Full-time Schooling, Part-time Schooling, and Wages: Returns and Risks in Portugal," IZA Discussion Papers 2651, Institute of Labor Economics (IZA).

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