Trade, educational costs, and skill acquisition
Trade, educational costs, and skill acquisition
复制标题
贸易、教育成本和技能获取
DOI:
10.1111/roie.12431
复制
发表时间:
2019
影响因子:
1
通讯作者:
Zhou Mohan
中科院分区:
文献类型:
--
作者:
Ma Shihui;Liu Yue;Zhou Mohan
A model of heterogeneous agents is built to study the effects of trade and educational costs in shaping individual educational outcomes and their aggregate distribution. In a two‐country model, trade has nonmonotonic impacts on individual education choices and causes education and job polarization for both countries. We use this model to evaluate the effects of reductions in educational costs. A reduction in educational cost has no impact on occupational choice in a closed economy. In the open economy, however, it creates an expanded middle class in the home country, whereas the opposite happens in its trading partner.