Belzil, Christian; Leonardi, Marco - Groupe d'Analyse et de Théorie Économique Lyon … - 2006
lottery question, we investigate if (and to what extent) risk aversion can explain differences in schooling attainments. We … next varies with preference heterogeneity (risk aversion), parental human capital, socioeconomic variables and persistent … unobserved (to the econometrician) heterogeneity. We present evidence that schooling attainments decrease with risk aversion, but …