Human capital investment is usually modeled in an intertemporal optimization framework in which households or individuals maximize the present value of life-time utility. The main cost emphasized in these models is forgone earnings while in school. Direct costs such as user fees and travel costs are given much less attention. In many developing countries, however, direct costs such as travel expenses can be an important component in household educational...
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INFORMATION
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1992/12/31
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Publication
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LSM93
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1
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1
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2010/07/01
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Disclosed
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Investment in human capital : schooling supply constraints in rural Ghana
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rates of return to education
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