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Productive Education or a Marketable Degree?


  • Camera, G.
  • Blankenau, W.


Using a search-theoretic model where education's productive role is endogenous, we study the theoretical ramifications of separating human capital accumulation from educational investment decisions.

Suggested Citation

  • Camera, G. & Blankenau, W., 2001. "Productive Education or a Marketable Degree?," Purdue University Economics Working Papers 1145, Purdue University, Department of Economics.
  • Handle: RePEc:pur:prukra:1145

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    References listed on IDEAS

    1. Mortensen, Dale & Pissarides, Christopher, 2011. "Job Creation and Job Destruction in the Theory of Unemployment," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 1-19.
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    6. Bester, Helmut, 1994. "Price commitment in search markets," Journal of Economic Behavior & Organization, Elsevier, vol. 25(1), pages 109-120, September.
    7. Martin J. Osborne & Ariel Rubinstein, 2005. "Bargaining and Markets," Levine's Bibliography 666156000000000515, UCLA Department of Economics.
    8. McAfee, R Preston, 1993. "Mechanism Design by Competing Sellers," Econometrica, Econometric Society, vol. 61(6), pages 1281-1312, November.
    9. Wang, Ruqu, 1993. "Auctions versus Posted-Price Selling," American Economic Review, American Economic Association, vol. 83(4), pages 838-851, September.
    10. Adrian Masters & Abhinay Muthoo, 2004. "Ex ante Price Commitment with Renegotation in a Dynamic Market Equilibrium," Discussion Papers 04-09, University at Albany, SUNY, Department of Economics.
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    Cited by:

    1. Aysegül Sahin, 2004. "The incentive effects of higher education subsidies on student effort," Staff Reports 192, Federal Reserve Bank of New York.

    More about this item



    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • I2 - Health, Education, and Welfare - - Education
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity


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