Economics, Econometrics and Finance
4 years ago

Study reveals higher risks in education lead to greater returns

Journal of risk and financial management
Higher-Order Risk–Returns to Education
Daniel J. Henderson, Anne-Charlotte Souto, Wang Le

Paper Summary

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Education can be seen as an investment, with risks and returns similar to investing in stocks. Researchers studied the relationship between the benefits of education and the risks involved. They found that higher risks are linked to higher returns in education. The study also showed that the relationship between average returns and risk is linear, while the connection between expected returns and other factors like skewness and kurtosis is not linear. This suggests that the decision to invest in education involves weighing potential risks against potential rewards.