We study a society with a continuum of families, segregated in neighborhoods perfectly by income. There is a deterministic, non-linear relationship between years of education attained in youth and earnings in adult life.
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Paper provided by California Davis - Institute of Governmental Affairs in its series Papers with number
94-02.
Length: pages Date of creation: 1994 Date of revision: Handle: RePEc:fth:caldav:94-02
Contact details of provider: Postal: UNIVERSITY OF CALIFORNIA DAVIS, INSTITUTE OF GOVERNMENTAL AFFAIRS, RESEARCH PROGRAM IN APPLIED MACROECONOMICS AND MACRO POLICY, DAVIS CALIFORNIA 95616 U.S.A.
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Find related papers by JEL classification: I2 - Health, Education, and Welfare - - Education D30 - Microeconomics - - Distribution - - - General D60 - Microeconomics - - Welfare Economics - - - General
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