Literacy traps: Society-wide education and individual skill premia

Arbeitspapier

Using a model of O-ring production function, the paper demonstrates how certain communities can get caught in a low-literacy trap in which each individual finds it not worthwhile investing in higher skills because others are not high-skilled. The model sheds light on educational policy. It is shown that policy for promoting human capital has to take the form of a mechanism for solving the coordination failure in people's choice of educational strategy.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 4047

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Production and Organizations: General ; Education: Government Policy ; Wage Level and Structure; Wage Differentials
• Thema: Education ; literacy ; O-ring ; skill formation ; traps ; Analphabetismus ; Gemeinschaft ; Soziale Beziehungen ; Bildungsverhalten ; Bildungspolitik ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Atal, Vidya ; Basu, Kaushik ; Gray, John ; Lee, Travis
• Ereignis: Veröffentlichung
• (wer): Institute for the Study of Labor (IZA)
• (wo): Bonn
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/35454
• URN: urn:nbn:de:101:1-20090323165
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ