Mit einem Universitätsabschluss können im Durchschnitt höhere Löhne erzielt werden als mit einem niedrigeren Abschluss. Auch das Risiko, arbeitslos zu sein, ist unter Akademikern geringer als für die Gesamtbevölkerung. Doch wie weit liegen die Löhne innerhalb eines Bildungsabschlusses...

Applying a financial assets approach, we analyze the returns and earnings risk of investments into different types of human capital. Even though the returns from investing in human capital are extensively studied, little is known about the properties of the returns to different types of human...

Mit einem Universitätsabschluss können im Durchschnitt höhere Löhne erzielt werden als mit einem niedrigeren Abschluss. Auch das Risiko, arbeitslos zu sein, ist unter Akademikern geringer als für die Gesamtbevölkerung. Doch wie weit liegen die Löhne innerhalb eines Bildungsabschlusses...

A key prediction of a large class of theoretical models is that the location of economic activity is not necessarily determined by fundamentals. To test the empirical relevance of these ideas requires a natural experiment in which a large but ultimately temporary shock dislocates economic...

Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...

Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...

Applying a financial assets approach, we analyze the returns and earnings risk of investments into different types of human capital. Even though the returns from investing in human capital are extensively studied, little is known about the properties of the returns to different types of human...

Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...

Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...