THE IMPACT OF FISCAL POLICY ON LABOR SUPPLY AND EDUCATION IN AN ECONOMY WITH HOUSEHOLD AND MARKET PRODUCTION

This paper considers optimal educational investment and labour supply with increasing returns to scale in the earnings function. In so doing we develop the work of Rosen (1983), who first highlighted the increasing returns argument that arises because private returns to human capital investment are...

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Bibliographic details
Main Author: Booth, Alison Lee
Coles, Melvyn Glyn
Format: Paper
Language: English
Place of publication: 01.03.2007
Related: Australian National University, Centre for Applied Macroeconomic Analysis
Data of publication: 2007/03
Series: CAMA Working Papers
Online Access: available in Bonn?
Database: RePEc
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