The name is absent



Table 2: Optimal Education Policies and Patterns of Trade

1

b = .4

pA = .8

11A = .8, C = 0, θA = .2
b                b

W a = 0.89

la*

b = .4

p* = 1

θf = .8, ∣∣A = 0, Q = .2
b                    b 1i b

Wx = 0.9

la

b = .4

p, = 1

θɪ = .6, x = .4, θyh = 0

Wγ = 0.74

lb*

b = .4

p* = .7

'' = .8, '■ = 0, 'x = .2

Wx = 0.90

lb

b = .4

p* = .7

θh = .6, θhn = .4, θy = 0

Wγ = 0.88

lc

b = .4

p* = .5

'' = .8, θb = 0, 'x = .2

Wx = 0.92

1c*

b = .4

p* = .5

θh = .6, θb = .4, θh = 0

Wγ = 1.05

2

b = 1

pA = .68

θA = .32, θA = .36, θA = .32
b           b ! I b          jIb

W a = 1.33

2a*

b = 1

p* = .8

'' = .5, θb = 0, Θa = .5

Wx = 1.40

2a

b = 1

p* = .8

θy = 0, θym = 1, θh = 0

Wγ = 1.23

2b

b = 1

p* = .4

- = .5, θb = 0, Θa = .5

Wx = 1.18

~b*Γ

b = 1

p* = .4

C = 0, θγm = 1, θγ = 0

Wγ = 1.74

3

b = 1.45

pA = .54

θA = 0, θA = .55, θA = .45
b               I

W a = 1.66

3a*

b = 1.45

p* = 1

θ? = .275, θγ = 0, θ? = .725
b                            I       11 b              b       I b

Wx = 1.95

3a

b = 1.45

p* = 1

θh = 0, θh, = .55, 0h = .45
b               b

Wγ = 1.73

3b

b = 1.45

p* = .60

'"' = .275, θb = 0, θx = .725

Wx = 1.58

3b*

b = 1.45

p* = .60

θγ = 0, 'b = 1, θγ = 0

Wγ = 1.71

3c

b = 1.45

p* = .45

'' = .275, ' = 0, 'x = .725

Wx = 1.42

3c*

b = 1.45

p* = .45

θγ = 0, ʃ = 1, θγ = 0

Wγ = 1.97~

26



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