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Identifying Idiosyncratic Career Taste and Skill with Income Risk
Career choice Idiosyncratic taste and skill Income risk Occupational choice
2016/3/18
How important to well-being is choosing a career with the right fit? This question is difficult to answer because we observe individuals only in their chosen careers, not in the other (presumably infe...
Risk averse investors have to be compensated in higher expected returns when facing investments with higher risk. Education is an important investment therefore we use the results for 16 countries to ...
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 ...