Stay in school or start working? The human capital investment decision under uncertainty and irreversibility.

Autor/inn/en	Bilkic, Natasa; Gries, Thomas; Pilichowski, Margarethe
Titel	Stay in school or start working? The human capital investment decision under uncertainty and irreversibility.
Quelle	München: CESifo (2009), 40 S. PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2) Link als defekt meldenVerfügbarkeit
Reihe	CESifo working paper. 2825. Labour Markets
Beigaben	grafische Darstellungen
Sprache	englisch
Dokumenttyp	online; Monographie; Graue Literatur
Schlagwörter	Bildungsverhalten; Entscheidung; Unsicherheit; Irreversibilität; Bildungsinvestition; Investition; Arbeitspapier; Theorie; Absolvent
Abstract	"As the time of leaving school determines the level of academic achievement this timing decision is central for the human capital investment decision. Real option theory offers a new perspective of the human capital investment decision under uncertainty and irreversibility. Unlike other approaches we include accumulative schooling costs, and provide a full analytical discussion of all determinants of the decision to terminate education and enter the labor market. Further, as we are able to look at a sequence of formal qualification levels, each characterized by various cost and income profiles we can discuss discontinuities and sheepskin effects within this approach." Forschungsmethode: Theoriebildung; Grundlagenforschung. (author's abstract, IAB-Doku).
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2010/2