An overlapping generational model of educational investment in a duallabor markets is presented in which education serves both as ascreening device and as investment in human capital. Labor marketdualism arises not only via the conventional technology (productivity)differential between a primary...

An overlapping generational model of educational investment in a dual labor markets is presented in which education serves both as a screening device and as investment in human capital. Labor market dualism arises not only via the conventional technology (productivity) differential between a...