On human capital formation with exit options: Comment and new results

Panu Poutvaara

Munich Reprints in Economics from University of Munich, Department of Economics

Abstract: Katz and Rapoport (2005) conclude that with linear production technology and the possibility of unilateral migration, region-specific shocks may increase the average level of education. Previously, Poutvaara (2000) derived a corresponding result with Cobb-Douglas technology and migration which may go in both directions. This paper extends the analysis to all strictly concave production functions, and shows how the effect of the region-specific shocks depends on the shape of the production function. Also, the paper establishes when the presence of exit option increases and when it reduces investment in education. The results are robust to allowing for migration costs.

Date: 2008
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Published in Journal of Population Economics 3 21(2008): pp. 679-684

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: On human capital formation with exit options: comment and new results (2008)
Working Paper: On Human Capital Formation with Exit Options: Comment and New Results (2006)
Working Paper: On Human Capital Formation with Exit Options: Comment and New Results (2005)
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:lmu:muenar:19803

Access Statistics for this paper

More papers in Munich Reprints in Economics from University of Munich, Department of Economics Ludwigstr. 28, 80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Tamilla Benkelberg ().