School attendance and skill premiums in France and the US: a general equilibrium approach
We evaluate the effect of education policies, welfare programmes, technology and demographics on the differential evolution of the skill premium and on the rise in education investment in France and the US. We use a computable general equilibrium model with overlapping generations of individuals and endogenous education decisions. Human capital has two substitutable components - experience and education - both of which evolve endogenously over time. We use an original method to calibrate our model properly on the post-war period and run counterfactual experiments to assess the relative contrib... Show more
Authors: Croix, David De La; Docquier, Frederic
Published: [London, England], Wiley, 2007
Resource type: Article
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