Uncertainty and the Demand for Education
从理论和实证角度分析未来收入不确定性对教育需求的影响，理论结果与确定性收入的人力资本模型有显著差异，并用高中毕业生主观预期数据检验，但二项logit分析结果不完全支持理论模型的行为含义。
The impact of uncertainty in future income on the demand for education from both theoretical and empirical points of view is analyzed. Theoretical results deviate substantially from their counterparts in models of human capital formation with certain future income. The theory is tested with a sample of high school graduates that contains data on subjective expectations. Empirical evidence from binomial logit analysis does not entirely support the behavioral implications of the theoretical model.