Schooling time decisions in closed and open economies

Berti-Ceroni, Carlotta ; Bellettini, Giorgio ; Basevi, Giorgio (1999) Schooling time decisions in closed and open economies. Bologna: Dipartimento di Scienze economiche DSE, p. 19. DOI 10.6092/unibo/amsacta/4968. In: Quaderni - Working Paper DSE (341). ISSN 2282-6483.
Full text available as:
[img]
Preview
Text(pdf)
License: Creative Commons Attribution Non-commercial

Download (294kB) | Preview

Abstract

We analyze a tree-period OLG model, where a consumption good is produced by means of skilled labor and an intermediate good. Human capital accumulation depends on the aggregate stock of human capital and on the fraction of time that children spend at school, which is decided by their parents. The remaining time is used as the only input in the production of the intermediate good. We compare schooling time decisions in countries where they are privately made and in countries where they are collectively set through compulsory education laws. We study the dynamic behavior of these economies and find that human capital accumulation will always be larger in the latter case. With international trade, private schooling decisions change according to the initial pattern of comparative advantage. Instead, the outcome of collective schooling decisions does not necessarily follow the pattern of comparative advantage.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Berti-Ceroni, Carlotta
Bellettini, Giorgio
Basevi, Giorgio
Subjects
ISSN
2282-6483
DOI
Deposit date
23 Mar 2016 08:01
Last modified
23 Mar 2016 08:01
URI

Other metadata

Downloads

Downloads

Staff only: View the document

^