While uncertainty abounds in almost any decision on investment in schooling, it is mostly ignored in research and … virtually absent in labour economics text books. This paper documents the scope for risk, discusses the tough disentanglement of … heterogeneity and risk, surveys the analytical models, laments the absence of a good workhorse model and points out the challenges …

This paper reconsiders the wide agreement that females are more risk averse than males providing a leap forward in its …

We refine modelling of the radical innovation decision in this paper by extending real option theory to include non …-marginal stochastic jump processes are the most important parameters in this highly uncertain decision process. We show that these …

stereotype of risk averse and less competitive older employees. …

Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper … vocational high school. Accounting for risk does little to change this picture. By contrast, vocational high school is associated …

We study household decision making in a high-stakes experiment with a random sample of households in rural China …. Spouses have to choose between risky lotteries, first separately and then jointly. We find that spouses' individual risk … decision is typically determined by the husband, but women who contribute relatively more to the household income, women in …

We use two large Dutch datasets to estimate the Risk Augmented Mincer equation and test for risk compensation in … expected earnings. We replicate earlier findings of a positive premium for risk and a negative premium for skew and add … educations but obtain identical risk compensation. Among recent graduates, women receive higher risk compensation than men …

variance of exam grades is higher and that starting wages are lower if the skew is higher: employers shift quality risk to new …