A Microfoundation for Social Increasing Returns in Human Capital Accumulation
- 1 August 1996
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 111 (3) , 779-804
- https://doi.org/10.2307/2946672
Abstract
This paper proposes a microfoundation for social increasing returns in human capital accumulation. The underlying mechanism is a pecuniary externalitKeywords
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