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

Poutvaara, Panu

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Titel:

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

Autor:innen:

Poutvaara, Panu

Erscheinungsjahr:

2006

Schriftenreihe/Nr.:

CESifo Working Paper No. 1648

Verlag:

Center for Economic Studies and ifo Institute (CESifo), Munich

Zusammenfassung:

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 shows that the exit option may reduce human capital formation with a quadratic production technology.

Schlagwörter:

human capital formation
migration
economic volatility

JEL:

I21
J24
F22

Dokumentart:

Working Paper

Erscheint in der Sammlung:

CESifo Working Papers, CESifo GmbH

Datei(en):

Datei

Beschreibung

Größe