@TechReport{iza:izadps:dp4047,
            	author={Atal, Vidya and Basu, Kaushik and Gray, John and Lee, Travis},
            	title={Literacy Traps: Society-wide Education and Individual Skill Premia},
            	year={2009},
	month={Feb},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={4047},
            	url={https://www.iza.org/index.php/publications/dp4047},
	abstract={Using a model of O-ring production function, the paper demonstrates how certain communities can get caught in a low-literacy trap in which each individual finds it not worthwhile investing in higher skills because others are not high-skilled. The model sheds light on educational policy. It is shown that policy for promoting human capital has to take the form of a mechanism for solving the coordination failure in people’s choice of educational strategy.},
	keywords={O-ring;literacy;education;skill formation;traps},
            }