The relative risk aversion hypothesis of educational choice

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Social Background, Credential Inflation and Educational Strategies (2005, background): “Relative risk aversion sheds light on why, relative to working-class children, children of more advanced social classes are more ambitious and achieve higher levels of education (Keller and Zavalloni, 1964; Boudon, 1974; Gambetta, 1987; Goldthorpe, 1996a; Need and De Jong, 2001; Davies et al., 2002”
Inequality of opportunity in comparative perspective : Recent research on educational attainment and social mobility (2005, background): “A number of papers (Becker 2003, Davies et al. 2002, Need & de Jong 2001) test the model presented by Breen & Goldthorpe (1997), and their results are broadly supportive of it.”
The Relationship between Relative Risk Aversion and the Level of Education: A Survey and Implications for the Demand for Life Insurance (2015, unknown): “Belzil and Leonardi (2007) using the same Italian survey show that parents background variables dominate in schooling decisions (as demonstrated in Cameron and Heckman, 1998; Belzil and Hansen, 2002; Davies et al., 2002) as opposed to differences in attitudes toward risk.”
The long-run impact of a traumatic experience on risk aversion (2014, background): “Moreover, risk attitudes are affected by environmental factors such as friends (Nakajima, 2007), parents (Davies et al., 2002), learning circumstances (Booth and Nolen, 2012), and cultural atmosphere (Bonin et”