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Title: Consumer Risk Preferences and Higher Education Enrollment Decisions
Resulting in 1 citation.
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Heckman, Stuart J. |
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Consumer Risk Preferences and Higher Education Enrollment Decisions Ph.D. Dissertation, Department of Human Ecology, The Ohio State University, 2014 Cohort(s): NLSY97 Publisher: ProQuest Dissertations & Theses (PQDT) Keyword(s): College Enrollment; Human Capital; Risk-Taking; Time Preference Permission to reprint the abstract has not been received from the publisher. The purpose of this research was to investigate the ceteris paribus effect of consumer risk preferences on the decision to enroll in higher education. A sample from the 1997 cohort of the National Longitudinal Study of Youth (NLSY97) was analyzed by using logistic regression to model the likelihood of higher education enrollment among young adults. Using the NLSY97 allowed for strong individual-level controls in the empirical model, including explanatory variables that have been consistently demonstrated in the literature to predict college enrollment. In addition to the standard individual-level controls, this study advanced the understanding of enrollment decisions by including measures for time preferences, subjective perceptions of risk in pursuing higher education, and risk preferences, all of which were identified as important predictors in a risky human capital theoretical model. Since the literature regarding human capital accumulation and the returns to education is vast and spans multiple disciplines, this research also contributes to the literature by providing a thorough review of research and theoretical models across disciplines. |
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Bibliography Citation
Heckman, Stuart J. Consumer Risk Preferences and Higher Education Enrollment Decisions. Ph.D. Dissertation, Department of Human Ecology, The Ohio State University, 2014. |