Article ID Journal Published Year Pages File Type
5054833 Economic Modelling 2013 6 Pages PDF
Abstract
► Incorporation of real option into a modified Harris-Todaro model ► Higher education overinvestment increases underemployed higher educated labors. ► Higher education overinvestment reduces wage rates for higher educated labors. ► Overinvestment reduces real option value for human capital investment.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Real option, human capital investment returns and higher educational policy
Authors
, , ,