Write down the rule for schooling choice

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Reference no: EM132208377

Question: Write down the rule for schooling choice (present value vs. cost).

Use this model to analyze how the following factors affect the choice:

a. time preference (patient or not);

b. age;

c. tuition;

d. technological progress making skilled workers earn more relative to unskilled workers.

Reference no: EM132208377

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