How do people trade off resources between quick and slow learners?

Ranveig Falch

European Economic Review, 2022, vol. 150, issue C

Abstract: How society invests in human capital is important for economic growth and social welfare. The paper reports from a novel, large-scale experiment with 2,000 Americans, where people choose how to allocate resources between quick and slow learners. The paper finds that people give strong priority to strengthening the human capital of slow learners, and give evidence on the extent to which cost efficiency and the motivation of the learners shape the resource allocation. The findings provide important insights for the present debate on how society should prioritize in educational policy.

Keywords: Human capital investment; Preferences; Inequality; Experiment; Education (search for similar items in EconPapers)
JEL-codes: C91 D01 D30 D63 I24 I28 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0014292122001738
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eecrev:v:150:y:2022:i:c:s0014292122001738

DOI: 10.1016/j.euroecorev.2022.104285

Access Statistics for this article

European Economic Review is currently edited by T.S. Eicher, A. Imrohoroglu, E. Leeper, J. Oechssler and M. Pesendorfer

More articles in European Economic Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().