Education and work
Trostel, Philip A. and Walker, Ian, 1954- (2000) Education and work. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.554).
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This paper examines the linkage between the incentives to work and to invest in human capital through education. These incentives are shown to be mutally reinforcing in a simple stylized model. This theoretical predicton is investigated empirically using three large micro datasets covering a broad set 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.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||H Social Sciences > HD Industries. Land use. Labor|
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Education -- Economic aspects, Wages -- Effect of education on, Labor supply -- Effect of education on, Economic development|
|Series Name:||Warwick economic research papers|
|Publisher:||University of Warwick, Department of Economics|
|Place of Publication:||Coventry|
|Official Date:||March 2000|
|Number of Pages:||38|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
|Funder:||European Commission (EC)|
|Grant number:||982044 (EC)|
Agell, Jonas and Kjell Erik Lommerud, "Minimum Wages and the
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