Show simple item record Wallace, Dudley en_US Ihnen, L. A. en_US 2010-03-09T15:45:16Z 2010-03-09T15:45:16Z 1975 en_US
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

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