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Unemployment and Increasing Returns to Human Capital
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994
This paper studies a model of human capital accumulation with real wage rigidity. It is shown that the arbitrage condition between hiring a skilled versus an unskilled worker may be stated as a positive relationship between their relative unemployment rates. It may be the case that this locus is...
Persistent link: https://www.econbiz.de/10005124159
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Heterogeneity, Selection and Labor Market Disparities
Bonfiglioli, Alessandra; Gancia, Gino A - C.E.P.R. Discussion Papers - 2014
We study the incentives to improve ability in a model where heterogeneous firms and workers interact in a labor market characterized by matching frictions and costly screening. When effort in improving ability raises both the mean and the variance of the resulting ability distribution, multiple...
Persistent link: https://www.econbiz.de/10011083778
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Information Technology and the Knowledge Elites
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2001
proportion of knowledge workers in employment, depending on the response of the overall demand for knowledge to the implied … reduction in the cost of acquiring it. In my model, knowledge (in a broad sense) is an input into the production function of … knowledge input in the production of human capital. An improvement in IT is modelled as an increase in the number of people who …
Persistent link: https://www.econbiz.de/10005791349