Education and Work

Philip Trostel and Ian Walker ()

No 269305, Economic Research Papers from University of Warwick - Department of Economics

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 mutually reinforcing in a simple stylized model. This theoretical prediction 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.

Keywords: Labor and Human Capital; Teaching/Communication/Extension/Profession (search for similar items in EconPapers)
Pages: 44
Date: 2000-03-03
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:269305

DOI: 10.22004/ag.econ.269305

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