Remember Me
Or use your Academic/Social account:


Or use your Academic/Social account:


You have just completed your registration at OpenAire.

Before you can login to the site, you will need to activate your account. An e-mail will be sent to you with the proper instructions.


Please note that this site is currently undergoing Beta testing.
Any new content you create is not guaranteed to be present to the final version of the site upon release.

Thank you for your patience,
OpenAire Dev Team.

Close This Message


Verify Password:
Verify E-mail:
*All Fields Are Required.
Please Verify You Are Human:
fbtwitterlinkedinvimeoflicker grey 14rssslideshare1
Brown, S.; Ortiz, A.; Taylor, K. (2006)
Publisher: Department of Economics, University of Sheffield
Languages: English
Types: Book
We explore the relationship between risk preference and educational attainment for a sample of adults drawn from the 1996 U.S. Panel Study of Income Dynamics (PSID). Using a sequence of questions from the 1996 PSID, we construct measures of an individual´s risk aversion and risk tolerance allowing us to explore the implications of interpersonal differences in risk preference for educational attainment. Our empirical findings suggest that an individual´s degree of risk aversion (tolerance) is inversely (positively) associated with their educational attainment. In addition, using the 1997 and 2002 Child Development Supplements of the PSID, we explore the relationship between the risk preference of parents and the academic achievements of their children. Our findings suggest that a parent´s degree of risk aversion (tolerance) is negatively (positively) related to the academic achievements of their children.
  • The results below are discovered through our pilot algorithms. Let us know how we are doing!

    • Barsky, R. B., F. T. Juster, M. S. Kimball, and Shapiro, M. D. (1997). 'Preference Parameters and Behavioural Heterogeneity: An Experimental Approach in the Health and Retirement Study.' Quarterly Journal of Economics, 112, 537-79.
    • Belzil, C. and Hansen, J. (2004). 'Earnings Dispersion, Risk Aversion and Education.' Research in Labor Economics, 23, 335-58.
    • Belzil, C. and Leonardi, M. (2007). 'Can Risk Aversion Explain Schooling Attainments? Evidence for Italy.' Labour Economics, 14, 957-970.
    • Brown, J. and Rosen, S. (1987). 'Taxation, Wage Variation, and Job Choice.' Journal of Labor Economics, 5, 430-51.
    • Brown, S. and Taylor, K. (2005). 'Wage Growth, Human Capital and Financial Investment.' The Manchester School, 73, 686-708.
    • Brunello, G. (2002). 'Absolute Risk Aversion and the Returns to Education.' Economics of Education Review, 21, 635-40.
    • Case, A., Lubotsky, D. and Paxson, C. (2002). 'Economic Status and Health in Childhood: The Origins of the Gradient.' American Economic Review, 92(5), 1308-1334.
    • Gibbons, R. and Murphy, K.J. (1992). 'Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence.' Journal of Political Economy, 100, 468-505.
  • No related research data.
  • No similar publications.

Share - Bookmark

Cite this article