CHOOSING THE OPTIMUM MIX OF DURATION AND EFFORT IN EDUCATION

In this paper a simple economic model is employed to analyse the deter minants of expected study duration and weekly effort. Although some of the outcomes do not fit into our theoretical framework, a substantial number of the results support the hypothesis that the duration/effort ratio is determined by the relative prices of these inputs of the lea rning process. We find that a higher socio-economic status increases t he duration/effort ratio. Children from higher income families and/or with more highly education parents expect longer durations and/or inve st less weekly effort. For experienced students, the prediction that h igher ability levels will decrease both effort and duration is confirm ed by the findings. We consider this to be a result firmly in favour o f our model.