Over-education for the rich vs under-education for the poor: a search-theoretic microfoundation
This paper provides a search-theoretic microfoundation to the popular view according to which rich but poorly talented individuals crowd out poorer and more talented individuals from schooling. We consider a two-sector, two schooling level matching model of unemployment with ex-post rent-sharing. In...
|Place of publication:||
HAL CCSD 01.01.2006
|Data of publication:||2006-01-01|
|Online Access:||available in Bonn?|
|Database:||OpenAIRE (Open Access)
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