Jobs, education and the underdevelopment trap
AbstractThe purpose of this paper is to examine the complementarity between job opportunities and the level of worker education as a cause of the underdevelopment trap. I show that if firms or workers in the labour market have to spend money or time searching for a partner, then an underdevelopment trap may occur. This underdevelopment trap occurs due to thc complementarity between the firms' decision about their entry into the market and the workers' choice of the length of her education. This paper stresses the importance of a decrease in private costs of receiving higher education and recruiting new workers.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal The Journal of International Trade & Economic Development.
Volume (Year): 6 (1997)
Issue (Month): 1 ()
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- Ryosuke Okazawa, 2013. "Skill-biased technical change, educational choice, and labor market polarization: the U.S. versus Europe," Journal of Economic Inequality, Springer, vol. 11(3), pages 321-342, September.
- Ryo Horii & Masaru Sasaki, 2012.
"Dual Poverty Trap: Intra‐ and Intergenerational Linkages in Frictional Labor Markets,"
Journal of Public Economic Theory,
Association for Public Economic Theory, vol. 14(1), pages 131-160, 02.
- Horii, Ryo & Sasaki, Masaru, 2008. "Dual Poverty Trap: Intra- and Intergenerational Linkages in Frictional Labor Markets," MPRA Paper 13484, University Library of Munich, Germany.
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