Skill Formation, Temporary Disadvantage and Elite Education

Arbeitspapier

Elite skills have become crucial in today's superstar economy. We develop a multi-period skill-formation model where we show that individuals with temporary disadvantages must exert greater effort to gain access to elite education. This "underdog-incentive effect" implies that "educated underdogs" obtain superior adult skills. We find support for this mechanism in soccer data: players born early in the year dominate youth soccer, but players born late (but not too late) in the year become the superstars. We also show that if young students discount the future "too much", high requirements to elite education can increase expected life-time welfare for disadvantaged students.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CESifo Working Paper ; No. 8612

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Education and Research Institutions: General ; Human Capital; Skills; Occupational Choice; Labor Productivity ; Micro-Based Behavioral Economics: General‡
• Thema: skill formation ; temporary disadvantage ; elite education ; soccer ; underdog

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Hjertstrand, Per ; Norbäck, Pehr-Johan ; Persson, Lars
• Ereignis: Veröffentlichung
• (wer): Center for Economic Studies and Ifo Institute (CESifo)
• (wo): Munich
• (wann): 2020

Weitere Informationen

• Handle: http://hdl.handle.net/10419/226314
• Letzte Aktualisierung: 10.03.2025, 11:46 MEZ