individual preferences and enjoy positive leisure-dependent externalities. For instance, a global sociological change where the …

market. At the same time, education is a time-consuming process, and enrolment and dropout decisions depend on expected … in finding a job. Standard models of job search and education assume that skills can be upgraded instantaneously (and … mostly in the form of on-the-job training) at a fixed cost. This paper models education as a time-consuming process, a …

We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital …