scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 246
education affects labor supply only via its effect on wages in theliterature on the return to education it allows unbiased estimatesto be obtained from selected samples and it substantially reducesthe extent to which income taxation discourages human capitalaccumulation and hence the extent to which taxation retardstransitional andor endogenous growthThis paper used a very simple but compelling model ie theconclusion is not due to the simplicity of the model to demonstratethat education and work decisions are likely to be mutuallydependent That is optimizing behavior implies that individuals arelikely to have positive correlations between investment in humancapital and work Moreover simple statistical modelling acrossextensive micro datasets strongly supports the theory and indicatesthat it is an empirically important phenomenon To illustrate theorder of magnitude involved the male correlation in the USsuggests that a college degree relative to a high-school diploma hasroughly the same correlation with hours of work as being maleBibliography Colm Harmon and Hessel Oosterbeek A Review of theSchoolingEarnings Relationship with Tests for PublicationBias NBER Working Paper 7457 2000Altonji Joseph G Intertemporal Substitution in Labor SupplyEvidence from Micro Data Journal of Political Economy June1986 943 S176-215Barro Robert J and Xavier Sala-i-Martin Economic Growth New YorkMcGraw-Hill 1995Becker Gary S A Theory of the Allocation of Time EconomicJournal September 1965 752 493-517 Human Capital 3rd ed Chicago University of Chicago
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA