"Loss of Skill and Retraining in a Matching Model"

This is a matching model with two types of skills, low and high, where the high skill is acquired through training in schools, the introduction of which is the main innovation of this paper. The search externalities make the competitive equilibrium differ from the social planners steady state and in order to make the decentralized economy efficient, some public policies are studied along with their viability.

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Year of publication:	2005-07
Authors:	Esteban-Pretel, Julen
Institutions:	Center for International Research on the Japanese Economy (CIRJE), Faculty of Economics

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Extent:	application/pdf
Series:	CIRJE F-Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number CIRJE-F-353 17 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005121079