Uncertainty and the demand for education
The impact of uncertainty in future income on the demand for education from both theoretical and empirical points of view is analyzed. Theoretical results deviate substantially from their counterparts in models of human capital formation with certain future income. The theory is tested with a sample...
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| Veröffentlicht in: | The review of economics and statistics 1986-08, Vol.68 (3), p.460-467 |
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| container_end_page | 467 |
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| container_issue | 3 |
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| container_title | The review of economics and statistics |
| container_volume | 68 |
| creator | Kodde, D.A |
| description | The impact of uncertainty in future income on the demand for education from both theoretical and empirical points of view is analyzed. Theoretical results deviate substantially from their counterparts in models of human capital formation with certain future income. The theory is tested with a sample of high school graduates that contains data on subjective expectations. Empirical evidence from binomial logit analysis does not entirely support the behavioral implications of the theoretical model. |
| doi_str_mv | 10.2307/1926023 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0034-6535 |
| ispartof | The review of economics and statistics, 1986-08, Vol.68 (3), p.460-467 |
| issn | 0034-6535 1530-9142 |
| language | eng |
| recordid | cdi_proquest_journals_194685451 |
| source | Jstor Complete Legacy; Periodicals Index Online; JSTOR Mathematics & Statistics; EBSCOhost Business Source Complete |
| subjects | Covariance Demand Economic theory Education Educational demand Educational trends Expected rate of return Financial investments Human capital human resources income distribution Income effect Logarithms logit analysis Low income Mathematical models qualifications Rates of return Risk aversion Statistical analysis Studies Uncertainty |
| title | Uncertainty and the demand for education |
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