Education and the Allocation of Talent

Research output: Contribution to journalArticle

10 Citations (Scopus)

Abstract

I study how education affects the allocation of talent into different sectors of the economy. I focus on two forces. First, education adds to a worker's information capital and, thus, may change her self-confidence. Second, performance contracts give a worker incentives to choose a sector according to her abilities. The baseline model predicts that workers with intermediate ability educate, while the most able skip education. In an extension, I compare the U. K. and the U. S. bachelor's degrees and, moreover, discuss hybrid educational systems, common in Europe, that offer both U. K. and U. S. types of bachelor's degrees.

Original languageEnglish
Pages (from-to)945-976
Number of pages31
JournalJournal Of Labor Economics
Volume21
Issue number4
DOIs
Publication statusPublished - 2003

Keywords

  • MARKET
  • OVERCONFIDENCE
  • GROWTH
  • CAREER

Cite this

Education and the Allocation of Talent. / Hvide, Hans Krogh.

In: Journal Of Labor Economics, Vol. 21, No. 4, 2003, p. 945-976.

Research output: Contribution to journalArticle

@article{2662448a93594cad9db5e62f338afb1a,
title = "Education and the Allocation of Talent",
abstract = "I study how education affects the allocation of talent into different sectors of the economy. I focus on two forces. First, education adds to a worker's information capital and, thus, may change her self-confidence. Second, performance contracts give a worker incentives to choose a sector according to her abilities. The baseline model predicts that workers with intermediate ability educate, while the most able skip education. In an extension, I compare the U. K. and the U. S. bachelor's degrees and, moreover, discuss hybrid educational systems, common in Europe, that offer both U. K. and U. S. types of bachelor's degrees.",
keywords = "MARKET, OVERCONFIDENCE, GROWTH, CAREER",
author = "Hvide, {Hans Krogh}",
year = "2003",
doi = "10.1086/377028",
language = "English",
volume = "21",
pages = "945--976",
journal = "Journal Of Labor Economics",
issn = "0734-306X",
publisher = "University of Chicago",
number = "4",

}

TY - JOUR

T1 - Education and the Allocation of Talent

AU - Hvide, Hans Krogh

PY - 2003

Y1 - 2003

N2 - I study how education affects the allocation of talent into different sectors of the economy. I focus on two forces. First, education adds to a worker's information capital and, thus, may change her self-confidence. Second, performance contracts give a worker incentives to choose a sector according to her abilities. The baseline model predicts that workers with intermediate ability educate, while the most able skip education. In an extension, I compare the U. K. and the U. S. bachelor's degrees and, moreover, discuss hybrid educational systems, common in Europe, that offer both U. K. and U. S. types of bachelor's degrees.

AB - I study how education affects the allocation of talent into different sectors of the economy. I focus on two forces. First, education adds to a worker's information capital and, thus, may change her self-confidence. Second, performance contracts give a worker incentives to choose a sector according to her abilities. The baseline model predicts that workers with intermediate ability educate, while the most able skip education. In an extension, I compare the U. K. and the U. S. bachelor's degrees and, moreover, discuss hybrid educational systems, common in Europe, that offer both U. K. and U. S. types of bachelor's degrees.

KW - MARKET

KW - OVERCONFIDENCE

KW - GROWTH

KW - CAREER

U2 - 10.1086/377028

DO - 10.1086/377028

M3 - Article

VL - 21

SP - 945

EP - 976

JO - Journal Of Labor Economics

JF - Journal Of Labor Economics

SN - 0734-306X

IS - 4

ER -