Schools, skills and risk

Autor:	Joop Hartog, Wim P.M. Vijverberg
Rok vydání:	2007
Předmět:	Structure (mathematical logic) Economics and Econometrics Actuarial science Cost structure Investment strategy Economics Optimal combination Space (commercial competition) Investment (macroeconomics) Skill development Human capital Education
Zdroj:	Economics of Education Review. 26:758-770
ISSN:	0272-7757
Popis:	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.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::a9d5c2477775b50f167eb14bd7dddf77 https://doi.org/10.1016/j.econedurev.2007.09.007 Zobrazit plný text záznamu Full Text from ScienceDirect