A Microfoundation for Increasing Returns in Human Capital Accumulation and the Under-Participation Trap

This paper considers educational investment, wages and hours of market work in an imperfectly competitive labour market with heterogeneous workers and home production. It investigates the degree to which there might be both underemployment in the labour market and underinvestment in education. A cen...

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Bibliographic details
Main Author: Booth, Alison Lee
Coles, Melvyn Glyn
Format: Paper
Language: English
Place of publication: 01.12.2006
Related: Centre for Economic Policy Research, Research School of Economics, Australian National University
Data of publication: 2006/12
Series: CEPR Discussion Papers
Online Access: available in Bonn?
Database: RePEc
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