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All Journal JURNAL EKONOMI DAN BISNIS AIRLANGGA Ekonomi-Qu (Jurnal Penelitian Ilmu Ekonomi) Syntax Literate: Jurnal Ilmiah Indonesia Jurnal Perencanaan Pembangunan Syntax Idea Jurnal Ilmiah Edunomika (JIE) Journal of Environmental Science and Sustainable Development JIKEM: Jurnal Ilmu Komputer, Ekonomi dan Manajemen Jurnal Ekonomi dan Pembangunan Indonesia
Sastiono, Prani
Fakultas Ekonomi Dan Bisnis, Universitas Indonesia (UI) Depok, Jawa Barat, Indonesia
Aerospace Engineering Agriculture, Biological Sciences & Forestry Humanities Automotive Engineering Chemical Engineering, Chemistry & Bioengineering Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Energy Environmental Science Law, Crime, Criminology & Criminal Justice Library & Information Science Social Sciences Other

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PARENTAL RISK AVERSION AND INVESTMENT IN CHILDREN'S EDUCATION Nurrachmat, Janaska; Sastiono, Prani
Jurnal Ekonomi dan Bisnis Airlangga Vol. 32 No. 1 (2022): JURNAL EKONOMI DAN BISNIS AIRLANGGA
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jeba.V32I12022.38-53

Abstract

Introduction: The purpose of this study is to investigate the relationship between risk aversion and spending in children's education. Spending in children's education can be classified as an investment with uncertain outcomes and the return might yield in a relatively long time. It is predicted in this study that risk aversion will have negative impact on spending in children's education. Methods: This study uses IFLS data and two-period panel regression. Multiple time periods are applied to demonstrate time-varying risk aversion. Results: The results suggest that lower degree of parental risk aversion increases the spending on children's education, which confirms the theory. Conclusion and suggestion: The result showed that risk aversion significantly affects the spending on children's education. As a consequence, the government should provide clear information about how important an education is, especially a higher degree. Providing the information may drive the parent to not view education for children as a risky investment.
Co-Authors Anita Rahmawatiningsih Chaikal Nuryakin Dita Desriani Elfrida Ratnawati Lili Theresanti Muslimah Muhammad Romadhoni Nafiah, Izzun Nun Khalida Auwalun Nurrachmat, Janaska Rohmah, Zaitun Samosir, Omas B. Setyo Hari Priyono Yogi Gumilar