Abstract
In the model of Stark etal. (1997, 1998), the possibility of employment in a developed country raises the level of human capital acquired by workers in the developing country. We show that this result holds even when workers have the option to save.
Original language | English |
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Pages (from-to) | 411-414 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 118 |
Issue number | 3 |
DOIs | |
State | Published - Mar 2013 |
Externally published | Yes |
Keywords
- Human capital formation
- Intertemporal choice
- Prospect of migrating
- Savings