Stay in school or start working? — The human capital investment decision under uncertainty and irreversibility
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DOI: 10.1016/j.labeco.2012.04.005
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- Natasa Bilkic & Thomas Gries & Margarethe Pilichowski, 2009. "Stay in School or Start Working? - The Human Capital Investment Decision under Uncertainty and Irreversibility," CESifo Working Paper Series 2825, CESifo.
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Citations
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Cited by:
- Katja Seidel, 2021. "The transition from School to Post-Secondary Education – What factors affect educational decisions?," Working Paper Series in Economics 398, University of Lüneburg, Institute of Economics.
- Yang, Guanyi & Casner, Ben, 2021. "How much does schooling disutility matter?," Research in Economics, Elsevier, vol. 75(1), pages 87-95.
- Steffen Merkel & Sascha L. Schmidt & Benno Torgler, 2017. "The effect of individual uncertainty on the specificity of human capital: empirical evidence from career developments in professional soccer," Applied Economics, Taylor & Francis Journals, vol. 49(21), pages 2083-2095, May.
- Gries, Thomas & Naudé, Wim, 2022. "Breakthroughs, Backlashes and Artificial General Intelligence: An Extended Real Options Approach," IZA Discussion Papers 15077, Institute of Labor Economics (IZA).
- Anna Zaharieva, 2014.
"On-the-Job Search and Optimal Schooling under Uncertainty and Irreversibility,"
Politica economica, Società editrice il Mulino, issue 2-3, pages 299-339.
- Zaharieva, Anna, 2014. "On-the-Job Search and Optimal Schooling under Uncertainty and Irreversibility," Center for Mathematical Economics Working Papers 492, Center for Mathematical Economics, Bielefeld University.
- Mizuki Tsuboi, 2018. "Stochastic accumulation of human capital and welfare in the Uzawa–Lucas model: an analytical characterization," Journal of Economics, Springer, vol. 125(3), pages 239-261, November.
- Thomas Gries & Natasa Bilkic, 2014. "Investment under Threat of Disaster," Working Papers CIE 77, Paderborn University, CIE Center for International Economics.
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More about this item
Keywords
Human capital theory; Uncertainty; Sheepskin effect; Irreversibility; Large stochastic shocks;All these keywords.
JEL classification:
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- I2 - Health, Education, and Welfare - - Education
Statistics
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