Human capital investment with competitive labor search
نویسندگان
چکیده
منابع مشابه
Human Capital Investment with Competitive Labor Search
Human Capital Investment with Competitive Labor Search We study human capital accumulation in an environment of competitive search. Given that unemployed workers can default on their education loans, skilled individuals with a larger debt burden prefer riskier but better paid careers than is socially desirable. A higher level of employment risk in turn depresses the skill premium and the incent...
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We consider the effect of labor market rigidities on human capital accumulation and economic growth when some human capital is difficult to observe prior to employment. We distinguish between two types of human capital, those that formal schooling and test scores can measure (“knowledge”) and those that can be observed by employers only after a period of employment (“creativity”). We build a si...
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Social Security Incentives, Human Capital Investment and Mobility of Labor Migration between countries with earnings-related and flat-rate pay-as-you-go social security systems may change human capital investments in both countries. The possibility of emigration boosts investments in human capital in the country with flat-rate benefits. Correspondingly, those expecting to migrate from the count...
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The present paper contributes to the theoretical analysis of the human capital investment and participation decision of heterogeneous workers in the search and matching framework. Its aim is to characterize the equilibrium and to identify the efficiency. Here, the paper studies search equilibrium and matching to consider the participation decision of heterogeneous workers who have differen...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 2011
ISSN: 0014-2921
DOI: 10.1016/j.euroecorev.2010.07.004