Publication type
Research Paper
Series Number
4357
Series
CEPR Discussion Paper Series
Authors
Publication date
June 1, 2004
Abstract:
We model educational investment, wages and employment status (full-time, part-time or non-participation) in a frictional world in which heterogeneous workers have different productivities, both at home and in the workplace. We investigate the degree to which there might be under-employment and distortions in human capital investment, and we then show how childcare policy can be used not only to correct the ex post under-participation problem but also to provide efficient incentives to invest optimally ex ante in education.
Subjects
Link
- http://ideas.repec.org/p/cpr/ceprdp/4357.html
Notes
discussion paper
#513252