08 MAR 2015
Our findings, especially those that examine household decision-making, emphasize that while the return
to higher education is high, it is not a safe investment for many households. The deterrent effect of risk
survives the ability of agents to feasibly debt finance college with student loans. The main force here is that
debt makes higher education riskier for student borrowers, suggesting that alternatives that are mindful of
risk may be more effective. In turn, the focus of the policy experi...
Folksonomies:
Folksonomies: