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Is there a return-risk link in education?

Risk averse investors have to be compensated in higher expected returns when facing investments with higher risk. Education is an important investment therefore we use the results for 16 countries to test the positive relationship between return to education and the risk involved in this investment. It seems that most of the countries fit the pattern well: higher risk - higher return.

Risk averse investors have to be compensated in higher expected returns when facing investments with higher risk. Education ...  Show Full Abstract  

Authors: Pereira, Pedro Telhado; Martins, Pedro Silva
Corporate authors: Institute for the Study of Labour (Germany) (IZA)
Date: 2001
Resource type: Paper
Series name: IZA discussion paper
Subjects: Skills and knowledge; Research; Teaching and learning;
Finance show more

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