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The Role of Information on Return to Human Capital: A Laboratory Experiment on Educational Choices

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  • Cathleen Johnson
  • Claude Montmarquette
  • Nathalie Viennot-Briot

Abstract

Using experimental economics, this study examines the role of labour market information (LMI) and education in explaining human capital investment by adults. LMI matters, and can be improved, but it influences education investment decisions far more for young adults than for older adults. LMI can serve to increase young people's willingness to invest in education, but is not likely to have a strong impact on the educational investment decisions of older adults. À l'aide de l'économie expérimentale, nous avons examiné le rôle de l'information sur le marché du travail (IMT) et de l'éducation pour expliquer l'investissement des adultes dans leur capital humain. L'IMT est importante et pourrait être améliorée, mais elle influe beaucoup plus sur les décisions des jeunes adultes d'investir dans leurs études que sur celles des adultes plus âgés. L'IMT peut servir à accroître la volonté des jeunes à investir dans leurs études, mais il est peu probable qu'elle ait une incidence marquée sur les décisions des adultes plus âgés d'investir dans leurs études.

Suggested Citation

  • Cathleen Johnson & Claude Montmarquette & Nathalie Viennot-Briot, 2006. "The Role of Information on Return to Human Capital: A Laboratory Experiment on Educational Choices," CIRANO Project Reports 2006rp-09, CIRANO.
    • Handle: RePEc:cir:cirpro:2006rp-09
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