Specialization and Human Capital in Search Equilibrium∗
نویسندگان
چکیده
This paper constructs a general equilibrium search-matching model with heterogeneous workers. Workers choose whether to invest in general human capital or specific human capital when they enter the labor market. We analyze how unemployment benefits affect the choice of the type of human capital investment.
منابع مشابه
Productivity Investment and Labor Force Participation in Search Equilibrium
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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