Human Capital Investments and Market Imperfections.

We analyze how frictions in the labour market influence the accumulation of general human capital. We find that investments in human capital benefits future employers, and that this positive externality leads to under-investments in human capital, and possibly top multiple, Pareto rankable equilibria.

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Year of publication:	1996
Authors:	Moen, E.R.
Institutions:	Økonomisk institutt, Universitetet i Oslo
Subject:	HUMAN RESOURCES \| UNEMPLOYMENT \| BARGAINING

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Series:	Memorandum.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Memorandum Number 08/1996 22 pages
Classification:	J20 - Time Allocation; Work Behavior; Employment Determination and Creation. General ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; J64 - Unemployment: Models, Duration, Incidence, and Job Search ; J41 - Contracts: Specific Human Capital, Matching Models, Efficiency Wage Models, and Internal Labor Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005771249