Do returns to education matter to schooling participation?
While it might be expected that demand for 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...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
GPRG
2006
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