Susceptibility to default training options across the population

被引:3
|
作者
Borghans, Lex [1 ,2 ]
Golsteyn, Bart H. H. [1 ,2 ,3 ]
机构
[1] Maastricht Univ, Dept Econ, Maastricht, Netherlands
[2] Maastricht Univ, Res Ctr Educ & Labour Market ROA, Maastricht, Netherlands
[3] Stockholm Univ, Swedish Inst Social Res SOFI, Stockholm, Sweden
关键词
Default option; Human capital; Training; Experiment;
D O I
10.1016/j.jebo.2015.06.013
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper analyzes the tendency of people to choose default options when offered courses to acquire job related skills. We ask a random sample of Dutch people aged 6-80 which three skills are most important in their (future or past) jobs. Further on in the survey, we randomly select one of the skills the respondent indicated and (hypothetically) offer the respondent a course regarding this skill. The respondent can accept this offer, but can also exchange it for a course regarding one of the two other skills indicated. Our findings indicate that people generally have a strong tendency to choose the default option. This effect is similar across gender and education level. It appears that the effect of the default option is less strong around age 30 and declines after age 60. (C) 2015 Elsevier B.V. All rights reserved.
引用
收藏
页码:369 / 379
页数:11
相关论文
共 50 条
  • [21] Risk assessment: Replacing default options with specific science
    McClellan, RO
    HUMAN AND ECOLOGICAL RISK ASSESSMENT, 2003, 9 (01): : 421 - 438
  • [22] Harnessing the power of default options to improve health care
    Halpern, Scott D.
    Ubel, Peter A.
    Asch, David A.
    NEW ENGLAND JOURNAL OF MEDICINE, 2007, 357 (13): : 1340 - 1344
  • [23] A Mellin Transform Approach to the Pricing of Options with Default Risk
    Choi, Sun-Yong
    Veng, Sotheara
    Kim, Jeong-Hoon
    Yoon, Ji-Hun
    COMPUTATIONAL ECONOMICS, 2022, 59 (03) : 1113 - 1134
  • [24] The Pricing of Catastrophe Equity Put Options with Default Risk
    Wang, Xingchun
    INTERNATIONAL REVIEW OF FINANCE, 2016, 16 (02) : 181 - 201
  • [25] European Options in a Nonlinear Incomplete Market Model with Default
    Grigorova, Miryana
    Quenez, Marie-Claire
    Sulem, Agnes
    SIAM JOURNAL ON FINANCIAL MATHEMATICS, 2020, 11 (03): : 849 - 880
  • [26] A Mellin Transform Approach to the Pricing of Options with Default Risk
    Sun-Yong Choi
    Sotheara Veng
    Jeong-Hoon Kim
    Ji-Hun Yoon
    Computational Economics, 2022, 59 : 1113 - 1134
  • [27] Presale Contract and its Embedded Default and Abandonment Options
    Chan, Su Han
    Wang, Ko
    Yang, Jing
    JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS, 2012, 44 (1-2): : 116 - 152
  • [28] Presale Contract and its Embedded Default and Abandonment Options
    Su Han Chan
    Ko Wang
    Jing Yang
    The Journal of Real Estate Finance and Economics, 2012, 44 : 116 - 152
  • [29] Stock options and credit default swaps in risk management
    Al-Own, Bassam
    Minhat, Marizah
    Gao, Simon
    JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY, 2018, 53 : 200 - 214
  • [30] A General Solution to the Problem of Setting Optimal Default Options
    Bernheim, B. Douglas
    Mueller-Gastell, Jonas
    AEA PAPERS AND PROCEEDINGS, 2022, 112 : 131 - 135