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ERIC Number: EJ743663
Record Type: Journal
Publication Date: 2006-Dec
Pages: 23
Abstractor: Author
ISBN: N/A
ISSN: ISSN-0964-5292
EISSN: N/A
Education and Work
Trostel, Philip; Walker, Ian
Education Economics, v14 n4 p377-399 Dec 2006
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. (Contains 29 notes, 6 figures, and 10 tables.)
Routledge. Available from: Taylor & Francis, Ltd. 325 Chestnut Street, Suite 800, Philadelphia, PA 19106. Tel: 800-354-1420; Fax: 215-625-2940. Web site: http://www.tandf.co.uk/journals/default.html.
Publication Type: Journal Articles; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A