Show simple item record

dc.contributor.author Wallace, Dudley en_US
dc.contributor.author Ihnen, L. A. en_US
dc.date.accessioned 2010-03-09T15:45:16Z
dc.date.available 2010-03-09T15:45:16Z
dc.date.issued 1975 en_US
dc.identifier.uri http://hdl.handle.net/10161/2108
dc.description.abstract A reduced-form equation relating length of "formal schooling" to market, endowment, and ability parameters was derived for a life-cycle human capital accumulation model with alternative assumptions: (a) equal borrowing and lending rates and (b) no loans for human capital investment. Length of "formal schooling" increases when loans are unavailable. For both cases, length of "formal schooling" varies directly with length of work life, a Hicks-neutral "ability" index, and the ratio of the human capital rental rate to the price of associated inputs, and varies inversely with the discount rate, deterioration rate, and initial human capital stock. en_US
dc.format.extent 1584967 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.publisher The Journal of Political Economy en_US
dc.subject formal schooling en_US
dc.subject market endowment en_US
dc.title Full-Time Schooling in Life-Cycle Models of Human Capital Accumulation en_US
dc.type Journal Article en_US
dc.department Economics

Files in this item

This item appears in the following Collection(s)

Show simple item record