%0 Report
        %A Poutvaara, Panu
        %T On Human Capital Formation with Exit Options: Comment and New Results
        %D 2005
        %8 2005 Dec
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 1903
        %U https://www.iza.org/publications/dp1903
        %X Katz and Rapoport (2005) conclude that with linear production technology and the possibility of unilateral migration, region-specific shocks may increase the average level of education. Previously, Poutvaara (2000) derived a corresponding result with Cobb-Douglas technology and migration which may go in both directions. This paper shows that the exit option may reduce human capital formation with a quadratic production technology.
        %K migration
%K human capital formation
%K economic volatility