Trostel, Philip A. and Walker, Ian, 1954- (2000) Education and work. Working Paper. Coventry: University of Warwick, Department of Economics. (Warwick economic research papers).

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Abstract

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
Date:	March 2000
Number:	No.554
Number of Pages:	38
Status:	Not Peer Reviewed
Access rights to Published version:	Open Access
Funder:	European Commission (EC)
Grant number:	982044 (EC)
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URI:	http://wrap.warwick.ac.uk/id/eprint/1623

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