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Direct linkTrostel, Philip; Walker, Ian – Education Economics, 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…
Descriptors: Education Work Relationship, Incentives, Human Capital, Models
