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Poutvaara, Panu (2006): On human capital formation with exit options: Comment and new results. CESifo Working Paper, 1648
Volltext auf 'Open Access LMU' nicht verfügbar.


Katz and Rapoport (2005) conclude that with linear production technology and the possibility of unilateral migration, region-specific shocks may increase the average level of education. Previously, Poutvaara (2000) derived a corresponding result with Cobb-Douglas technology and migration which may go in both directions. This paper shows that the exit option may reduce human capital formation with a quadratic production technology.