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Efficiency wage models explain unemployment as a manifestation of the unavoidable incompleteness of the employment contract. In hiring workers, firms use education as a screen to determine the quantity and quality of the...
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In the 1950s and 1960s, educational economists led the developing nations of Asia, Africa, and Latin American onto an educational merry-go-round where all the educated could do was seek further education. These nations h...
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The origins of the concept of recurrent education and the claims presently made for it are analyzed, with recurrent education policies in six OECD countries described. Suggestions for clarification of the concept and for...