G2TT
来源类型Discussion paper
规范类型论文
来源IDDP7999
DP7999 Childhood Determinants of Risk Aversion: The Long Shadow of Compulsory Education
Bent E Sørensen; Maria Jose Luengo-Prado; Dmytro Hryshko
发表日期2010-09-23
出版年2010
语种英语
摘要We study the determinants of individual attitudes towards risk and, in particular, why some individuals exhibit extremely high risk aversion. Using data from the Panel Study of Income Dynamics we find that a policy induced increase in high school graduation rates leads to significantly fewer individuals being highly risk averse in the next generation. Other significant determinants of risk aversion are age, sex, and parents' risk aversion. We verify that risk aversion matters for economic behavior in that it predicts individuals' volatility of income.
主题International Macroeconomics
关键词High school movement Intergenerational transmission
URLhttps://cepr.org/publications/dp7999
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/536836
推荐引用方式
GB/T 7714
Bent E Sørensen,Maria Jose Luengo-Prado,Dmytro Hryshko. DP7999 Childhood Determinants of Risk Aversion: The Long Shadow of Compulsory Education. 2010.
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