Risks and returns to educational fields. A financial asset approach to vocational and academic education.

Autor/inn/en	Glocker, Daniela; Storck, Johanna
Titel	Risks and returns to educational fields. A financial asset approach to vocational and academic education. Gefälligkeitsübersetzung: Risiken und Erträge der Berufswahl. Eine Vermögenswertanalyse der beruflichen und akademischen Bildung.
Quelle	In: Economics of education review, (2014) 42, S. 109-129Infoseite zur Zeitschrift PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; gedruckt; Zeitschriftenaufsatz
ISSN	0272-7757
DOI	10.1016/j.econedurev.2014.06.004
Schlagwörter	Bildungsertrag; Einkommenshöhe; Berufsausbildung; Arbeitsmarktrisiko; Erlernter Beruf; Ausbildungswahl; Berufswahl; Hochschulbildung; Studienwahl; Geschlechtsspezifik
Abstract	"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 capital within a given educational path. Using information from the German Micro Census, we estimate the risk and returns to 75 fields of education, differentiating between vocational and academic education. We identify fields of education that are efficient investment goods, i.e. high returns at a given level of risk, and fields that are chosen for other (non-monetary) reasons. Furthermore, we rank fields of education by their return per unit of risk and find that university education is not always superior to other types of education." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2016/1