Schooling as a RiskyIinvestment: A Survey of Theory and Evidence focuses exclusively on the risk that is associated with investing in education. In this monograph, the authors' acknowledge that in educational choice, risk is everywhere, and that the variables affecting this choice are imperfectly known. Only recently has modern economic theory faced these issues. In a well organized framework, this monograph surveys the modest literature, identifies and explains the weakest aspects of knowledge in the field, reflects on policy issues, and presents an agenda for future research. Schooling as a...
Schooling as a RiskyIinvestment: A Survey of Theory and Evidence focuses exclusively on the risk that is associated with investing in education. In th...