Christiansen, Charlotte (contributor); … - 2006
the workshop ‘Education as a Risky Asset’ in Aarhus 2003, at seminars at
the Aarhus School of Business (Dept. of Finance … tests for mean-variance spanning. A risk-return trade-off is revealed,
which is not only related to the length of education … but also to the type of
education. We identify a range of educations that are efficient in terms of
investment goods …