Do returns to education matter to schooling participation?
While it might be expected that schooling will depend positively on the economic returns to education (ER) in the local labor market, in fact there is theoretical ambiguity about the sign of the schooling-ER relationship when households are liquidity-constrained. Whether the relationship is positive...
| Main Authors: | , |
|---|---|
| Format: | Working paper |
| Published: |
University of Oxford
2006
|