Marconi G.; de, Grip A. - Researchcentrum voor Onderwijs en Arbeidsmarkt (ROA), … - 2014
In this paper, we develop a general equilibrium overlapping generations model which is based on the view that education … directly increase productivity. This assumption is discussed and compared with the dominant Mincerian view on the education …-productivity relationship. One important implication of the model is that the enrolment rate to education has a negative effect on the GDP in …