Mass higher education can beget a new type of trade-off for students, the consequences of which a... more Mass higher education can beget a new type of trade-off for students, the consequences of which are the central focus of this paper. We postulate that a typical student devotes the scarce input "time" to the building of "human capital" as well as to the formation of "educational signals". Time spent on human capital enhances labour p roductivity in later life while educational signals improve the probability of finding a job for a graduating student. One of the major innovations of this paper is to dichotomise student learning activities into two distinct categories. First, there is core learning that enhances labour pro ductivity in later life and, secondly, there is non -core learning that increases the probability of finding a job in earlier life of a student. Since time is scarce, there thus emerges a trade-off between core and non-core learning activities. From this trade-off, we establish that an expansion of higher education - accompanied by a ma...
... Page 6. The book is dedicated to three women of my life — Uma, Renu and Ishani Page 7. ... To... more ... Page 6. The book is dedicated to three women of my life — Uma, Renu and Ishani Page 7. ... To put it baldly, in non-cooperative games, the focus of research is on how members choose their joint actions (see Gangopadhyay, 2000, 2002; Harsanyi, 1974; Chatterji et al., 1993). ...
... Page 6. The book is dedicated to three women of my life — Uma, Renu and Ishani Page 7. ... To... more ... Page 6. The book is dedicated to three women of my life — Uma, Renu and Ishani Page 7. ... To put it baldly, in non-cooperative games, the focus of research is on how members choose their joint actions (see Gangopadhyay, 2000, 2002; Harsanyi, 1974; Chatterji et al., 1993). ...
ABSTRACT An important consensus today is that intolerance and social conflict have a substantial ... more ABSTRACT An important consensus today is that intolerance and social conflict have a substantial economic dimension. This article models a person’s “returns” to acts of intolerance in terms of social approval or disapproval that this person’s peer-group may offer. It is found that high levels of intolerance may persist, that is, society is “in equilibrium,” even as this imposes economic costs.
Mass higher education can beget a new type of trade-off for students, the consequences of which a... more Mass higher education can beget a new type of trade-off for students, the consequences of which are the central focus of this paper. We postulate that a typical student devotes the scarce input "time" to the building of "human capital" as well as to the formation of "educational signals". Time spent on human capital enhances labour p roductivity in later life while educational signals improve the probability of finding a job for a graduating student. One of the major innovations of this paper is to dichotomise student learning activities into two distinct categories. First, there is core learning that enhances labour pro ductivity in later life and, secondly, there is non -core learning that increases the probability of finding a job in earlier life of a student. Since time is scarce, there thus emerges a trade-off between core and non-core learning activities. From this trade-off, we establish that an expansion of higher education - accompanied by a ma...
... Page 6. The book is dedicated to three women of my life — Uma, Renu and Ishani Page 7. ... To... more ... Page 6. The book is dedicated to three women of my life — Uma, Renu and Ishani Page 7. ... To put it baldly, in non-cooperative games, the focus of research is on how members choose their joint actions (see Gangopadhyay, 2000, 2002; Harsanyi, 1974; Chatterji et al., 1993). ...
... Page 6. The book is dedicated to three women of my life — Uma, Renu and Ishani Page 7. ... To... more ... Page 6. The book is dedicated to three women of my life — Uma, Renu and Ishani Page 7. ... To put it baldly, in non-cooperative games, the focus of research is on how members choose their joint actions (see Gangopadhyay, 2000, 2002; Harsanyi, 1974; Chatterji et al., 1993). ...
ABSTRACT An important consensus today is that intolerance and social conflict have a substantial ... more ABSTRACT An important consensus today is that intolerance and social conflict have a substantial economic dimension. This article models a person’s “returns” to acts of intolerance in terms of social approval or disapproval that this person’s peer-group may offer. It is found that high levels of intolerance may persist, that is, society is “in equilibrium,” even as this imposes economic costs.
Uploads
Papers