Education and Work

Philip Trostel and Ian Walker ()

The Warwick Economics Research Paper Series (TWERPS) 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: HUMAN CAPITAL; EDUCATION; FISCAL POLICY; ECONOMIC GROWTH (search for similar items in EconPapers)
JEL-codes: I20 J22 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (36)

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https://warwick.ac.uk/fac/soc/economics/research/workingpapers/2008/twerp554.pdf

Related works:
Journal Article: Education and Work (2006)
Working Paper: Education and Work (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:554

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