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• W3124906282 abstract "I study how education affects the allocation of talent into different sectors of the economy. I focus on two forces. First, education adds to a worker’s information capital and, thus, may change her self‐confidence. Second, performance contracts give a worker incentives to choose a sector according to her abilities. The baseline model predicts that workers with intermediate ability educate, while the most able skip education. In an extension, I compare the U.K. and the U.S. bachelor’s degrees and, moreover, discuss hybrid educational systems, common in Europe, that offer both U.K. and U.S. types of bachelor’s degrees." @default.
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• W3124906282 date "2003-10-01" @default.
• W3124906282 modified "2023-10-18" @default.
• W3124906282 title "Education and the Allocation of Talent" @default.
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• W3124906282 doi "https://doi.org/10.1086/377028" @default.
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