Arbeitspapier
On the Timing of Education
We propose a simple investment model which shows that, in the presence of fluctuations in and uncertainty about the opportunity cost of time, marginal individuals may choose to delay their education if the opportunity cost of time is temporarily high. Importantly, it is when the completion of the degree is uncertain, but likely enough that individuals will consider delaying their education. As a result, when returns to education are relatively low, education and timing of education will be sensitive to fluctuations in the opportunity cost of time. If return is high, delay is never optimal. These findings are supported by Swedish university enrolment patterns, and cross-country evidence on age of university freshmen.
- Sprache
-
Englisch
- Erschienen in
-
Series: IUI Working Paper ; No. 614
- Klassifikation
-
Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
Time Allocation and Labor Supply
Human Capital; Skills; Occupational Choice; Labor Productivity
- Thema
-
Timing of Education
Fluctuating Opportunity Costs
Bildungsökonomik
Bildungsverhalten
Zeitpräferenz
Opportunitätskosten
Theorie
Studium
Schweden
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Sjögren, Anna
Saez-Marti, Maria
- Ereignis
-
Veröffentlichung
- (wer)
-
The Research Institute of Industrial Economics (IUI)
- (wo)
-
Stockholm
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Sjögren, Anna
- Saez-Marti, Maria
- The Research Institute of Industrial Economics (IUI)
Entstanden
- 2004
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