Education and the allocation of talent

• 成果类型: Article
• 署名作者: Hvide, HK
• 署名单位: Norwegian School of Economics (NHH)
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/377028
• 发表日期: 2003
• 页码: 945-976
• 关键词: market; overconfidence; GROWTH; career

摘要

I study how education affects the allocation of talent into different sectors of the economy. I focus on two forces. First, education adds to a worker's information capital and, thus, may change her self-confidence. Second, performance contracts give a worker incentives to choose a sector according to her abilities. The baseline model predicts that workers with intermediate ability educate, while the most able skip education. In an extension, I compare the U. K. and the U. S. bachelor's degrees and, moreover, discuss hybrid educational systems, common in Europe, that offer both U. K. and U. S. types of bachelor's degrees.