Schooling as a job search process

Research output: Journal PublicationsJournal Article (refereed)

1 Scopus Citations


This analysis introduces uncertainty into a schooling model. I show that because an individual has the opportunity to search for a job during his schooling process, uncertainty imparts an ‘option value’ to schooling and effects his decisions on schooling even if he is risk neutral.
Original languageEnglish
Pages (from-to)85-91
Number of pages7
JournalEconomics Letters
Issue number1
Publication statusPublished - 1993
Externally publishedYes

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