Gavrel, Frédéric; Lebon, Isabelle; Rebiere, Therese - Institute for the Study of Labor (IZA) - 2014
The efficiency of educational choices is studied in a search-matching model where individuals face a tradeoff: acquiring formal education or learning while on the job. When their education effort is successful, newcomers directly obtain a high-skill job; otherwise, they begin with a low-skill...