Digitale Medien
Oxford, UK
:
Blackwell Publishing Ltd
Bulletin of economic research
42 (1990), S. 0
ISSN:
1467-8586
Quelle:
Blackwell Publishing Journal Backfiles 1879-2005
Thema:
Wirtschaftswissenschaften
Notizen:
This paper extends Becker's basic model on investment in human capital by introducing effort as a decision variable. Based on this extended model we consider the efficiency of two popular study-grant schemes and propose a third which unequivocally increases the student's effort and may thereby resolve the moral hazard problem created by the student's self-interested behaviour. In addition, some policy issues concerning conflicts between the students' and the policy-maker's objectives are discussed.
Materialart:
Digitale Medien
URL:
http://dx.doi.org/10.1111/j.1467-8586.1990.tb00672.x
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