Schools, skills and risk

Joop Hartog; Wim Vijverberg

doi:10.1016/j.econedurev.2007.09.007

Schools, skills and risk

Joop Hartog^*, Wim Vijverberg

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

10 Citations (Scopus)

Abstract

Skill development involves important choices for individuals and school designers: should individuals and schools specialise, or should they aim for an optimal combination of skills? We analyse this question by employing mean-standard deviation analysis and show how cost structure, benefit structure and risk attitudes jointly determine the optimal investment strategy. With combined data from DOT and CPS, we establish an upward sloping mean-variance opportunity frontier in skills space.

Original language	English
Pages (from-to)	758-770
Number of pages	13
Journal	Economics of Education Review
Volume	26
Issue number	6
DOIs	https://doi.org/10.1016/j.econedurev.2007.09.007
Publication status	Published - Dec 2007
Externally published	Yes

Keywords

Human capital
Return to education
Risk

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.econedurev.2007.09.007

Cite this

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title = "Schools, skills and risk",

abstract = "Skill development involves important choices for individuals and school designers: should individuals and schools specialise, or should they aim for an optimal combination of skills? We analyse this question by employing mean-standard deviation analysis and show how cost structure, benefit structure and risk attitudes jointly determine the optimal investment strategy. With combined data from DOT and CPS, we establish an upward sloping mean-variance opportunity frontier in skills space.",

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author = "Joop Hartog and Wim Vijverberg",

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AU - Vijverberg, Wim

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AB - Skill development involves important choices for individuals and school designers: should individuals and schools specialise, or should they aim for an optimal combination of skills? We analyse this question by employing mean-standard deviation analysis and show how cost structure, benefit structure and risk attitudes jointly determine the optimal investment strategy. With combined data from DOT and CPS, we establish an upward sloping mean-variance opportunity frontier in skills space.

KW - Human capital

KW - Return to education

KW - Risk

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Schools, skills and risk

Abstract

Keywords

UN SDGs

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