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university dropout. The classical human capital model does not contemplate failure, which the amended human capital model does …. Delayed graduation and university dropout are two stages of the same decision repeated over the years to step aside or leave … bargaining approach, the decision to delay graduation or dropout from university is related to bargaining within the family …
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university dropout. The classical human capital model does not contemplate failure, which the amended human capital model does …. Delayed graduation and university dropout are two stages of the same decision repeated over the years to step aside or leave … bargaining approach, the decision to delay graduation or dropout from university is related to bargaining within the family …
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We examine how informational frictions impact schooling and work outcomes. To do so, we estimate a dynamic structural model where individuals face uncertainty about their academic ability and productivity, which respectively determine their schooling utility and wages. Our framework accounts for...
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