Education and Work

Autor:	Philip A. Trostel, Ian Walker
Rok vydání:	2006
Předmět:	Microeconomics Estimation Rate of return Economics and Econometrics Stylized fact Labour economics Incentive Work (electrical) Leisure time Economics Human capital Education Fiscal policy
Zdroj:	Education Economics. 14:377-399
ISSN:	1469-5782 0964-5292
DOI:	10.1080/09645290600854094
Popis:	This paper examines the relationship between the incentives to work and to invest in human capital through education in a lifecycle optimizing model. These incentives are shown to be mutually reinforcing in a simple stylized model. This theoretical prediction is investigated empirically using three large micro datasets covering a broad range of countries. As one might expect, education and work are strongly positively correlated. This correlation has important implications for models of fiscal policy and economic growth. It also has important implications for the estimation of labor supply and the rate of return to education.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::48cfc3fb4c2720fb7e1263227ca5a912 https://doi.org/10.1080/09645290600854094 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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