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Journal ArticleDOI
Explaining educational differentials: towards a formal rational action theory
Richard Breen,John H. Goldthorpe +1 more
TL;DR: This article provided an explanation of three widely documented empirical phenomena: increasing educational participation rates, little change in class differentials, and little increase in class differential between different classes in the US.
Journal ArticleDOI
The relative risk aversion hypothesis of educational choice
TL;DR: In this paper, the authors derive and test implications of a relative risk aversion hypothesis: that educational choices are made so as to minimize the risk of ending up with a lower level of education than one's parents.
Journal ArticleDOI
Conformists or rebels? Relative risk aversion, educational decisions and social class reproduction
Mads Meier Jæger,Anders Holm +1 more
TL;DR: In this paper, a structural model was proposed to distinguish the instantaneous utility of educational decisions from the future utility of these decisions with respect to reproducing one's parents' social class position.