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Uncertainty, Education, and the School-to-Work Transition: Theory and Evidence from Brazil

Guarcello, Lorenzo and Rosati, Furio Camillo and Scaramozzino, Pasquale (2008) Uncertainty, Education, and the School-to-Work Transition: Theory and Evidence from Brazil. Understanding Children's Work Project Working Paper Series.

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Abstract

This paper develops a model of investment in education and school-to-work transition under uncertainty. The main predictions of the model are tested for Brazilian households using PNAD data. Increased uncertainty on labour market outcomes is shown to be associated with higher levels of schooling by young people, consistent with a real options approach to education as an investment.

Item Type: Working Papers / Reports (Discussion Paper)
SOAS Departments & Centres: Faculty of Law and Social Sciences > School of Finance and Management
Depositing User: Pasquale Scaramozzino
Date Deposited: 26 Feb 2010 09:55
URI: http://eprints.soas.ac.uk/id/eprint/8240

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