کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
986476 1480845 2006 23 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
A simple economic theory of skill accumulation and schooling decisions
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
A simple economic theory of skill accumulation and schooling decisions
چکیده انگلیسی

We propose a model of schooling that can account for the observed heterogeneity in workers' productivity and educational attainment. Identical unskilled agents can get a degree at a cost, but becoming skilled entails an additional unobservable effort cost. Individual labor can then be used as an input in pairwise production matches. Two factors affect students' desire to build human capital: degrees imperfectly signal productivity, and contract imperfections generate holdup problems. Multiple stationary equilibria exist, some of which are market failures characterized by a largely educated workforce of low average skill. Policy implications are explored.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Review of Economic Dynamics - Volume 9, Issue 1, January 2006, Pages 93–115
نویسندگان
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