On human capital formation with exit options

Eliakim Katz, Hillel Rapoport

Research output: Contribution to journalArticlepeer-review

17 Scopus citations


We explore the relationship between economic volatility and human capital formation within a context of migration. We show that increased variability may raise the average educational level of the population even after netting out expected migration. In particular, we demonstrate that this is the case when individuals' abilities and the economy-wide shock are uniformly distributed.

Original languageEnglish
Pages (from-to)267-274
Number of pages8
JournalJournal of Population Economics
Issue number2
StatePublished - Jun 2005


  • Economic volatility
  • Human capital formation
  • Migration


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