Groot, Wim; Hartog, Joop; Oosterbeek, Hessel - In: Oxford Economic Papers 46 (1994) 4, pp. 658-75
In this paper, a general specification of the wage equation is used to derive a marginal revenue equation for enterprise-related schooling. The optimal amount of investment in enterprise-related schooling is found by equating the marginal revenues and marginal costs. For the empirical analysis,...