Increasing Returns to Education and the Skills Under-Investment Trap

We model educational investment and labor supply in a competitive economy with home and market production. Heterogeneous workers are assumed to have different productivities both at home and in the workplace. We investigate the degree to which there is under-investment in human capital, and examine...

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Bibliographic details
Main Author: Booth, Alison Lee
Coles, Melvyn Glyn
Format: Paper
Language: English
Place of publication: 01.07.2005
Related: Institute for the Study of Labor (IZA)
Data of publication: 2005/07
Series: IZA Discussion Papers
Online Access: available in Bonn?
Database: RePEc
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