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- W2001168980 abstract "Education policy is viewed as affecting the content, and hence production functions, of different types of training and skill-formation. The relationship between skill type and level of education is considered. Optimal investment requires equating rates of return on the extensive and intensive margins, making endogenous the trade-offs between quantity and quality for each skill type. Selected education production functions are discussed with respect to implications for the distribution and levels of different skills and for skill-related earnings differentials. Equality of educational opportunity increases skill levels, upgrades the occupational structure and reduces relative earnings differentials." @default.
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- W2001168980 date "1984-01-01" @default.
- W2001168980 modified "2023-09-23" @default.
- W2001168980 title "The impact of education policy on economic development: Quantity, quality and earnings of labor" @default.
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- W2001168980 doi "https://doi.org/10.1016/0272-7757(84)90018-9" @default.
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