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:||
|Data of publication:||2006/01/01|
|Online Access:||available in Bonn?|
Database information Databases - DBIS