Apprenticeships : Human Capital and Competitive Signaling in a Dynamic Labor Market ∗
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چکیده
A b s t r a c t u m a n c a p i t a l a s s e t s , b u t a l s o a c t a s s i g n a l s t h a t (p a r t i a l l y) r e v e a l t h e t y p e s o f a g e n t s w h o b e c o m e a p p r e n t i c e s. T h e t y p e o f a g e n t w h o s e p r o d u c t i v i t y i s m o s t a ff e c t e d b y t h i s a s s e t w i l l o u t b i d a g e n t s f o r w h o m t h i s a s s e t h a s a l o w e r a ff e c t .
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