A Simple Economic Theory of Skill Accumulation and Schooling Decisions

B-Tier
Journal: Review of Economic Dynamics
Year: 2006
Volume: 9
Issue: 1
Pages: 93-115

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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

Technical Details

RePEc Handle
repec:red:issued:v:9:y:2006:i:1:p:93-115
Journal Field
Macro
Author Count
2
Added to Database
2026-01-24