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EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/30651
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Bilkic, Natasa | | en_US |
| dc.contributor.author | | Gries, Thomas | | en_US |
| dc.contributor.author | | Pilichowski, Margarethe | | en_US |
| dc.date.accessioned | | 2009-11-16 | | en_US |
| dc.date.accessioned | | 2010-05-14T08:23:39Z | | - |
| dc.date.available | | 2010-05-14T08:23:39Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/30651 | | - |
| dc.description.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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper 2825 | | en_US |
| dc.subject.jel | | J24 | | en_US |
| dc.subject.jel | | D81 | | en_US |
| dc.subject.jel | | I20 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | human capital theory | | en_US |
| dc.subject.keyword | | uncertainty | | en_US |
| dc.subject.keyword | | irreversibility | | en_US |
| dc.subject.stw | | Bildungsverhalten | | en_US |
| dc.subject.stw | | Absolventen | | en_US |
| dc.subject.stw | | Entscheidung bei Unsicherheit | | en_US |
| dc.subject.stw | | Irreversibility of Investment | | en_US |
| dc.subject.stw | | Bildungsinvestition | | en_US |
| dc.subject.stw | | Realoption | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Stay in school or start working? : the human capital investment decision under uncertainty and irreversibility | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 612878481 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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