Education and the Allocation of Talent
I study how education affects the allocation of talent into different sectors of the economy. I focus on two forces. First, education adds to a worker's information capital and, thus, may change her self-confidence. Second, performance contracts give a worker incentives to choose a sector according to her abilities. The baseline model predicts that workers with intermediate ability educate, while the most able skip education. In an extension, I compare the U.K. and the U.S. bachelor's degrees and, moreover, discuss hybrid educational systems, common in Europe, that offer both U.K. and U.S. types of bachelor's degrees.
Year of publication: |
2003
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Authors: | Hvide, Hans K. |
Published in: |
Journal of Labor Economics. - University of Chicago Press. - Vol. 21.2003, 4, p. 945-976
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Publisher: |
University of Chicago Press |
Saved in:
Online Resource
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