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two key limitations of human capital theory as currently implemented. First, prior work mostly assumes that human capital …
Persistent link: https://www.econbiz.de/10015072850
This paper studies how a country's labor market institutions, by affecting workers' skill acquisition, can shape its export patterns. I develop an open-economy model in which workers undertake non-contractible activities to acquire firm-specific skills on the job. In the model, labor market...
Persistent link: https://www.econbiz.de/10010577698
Greece’s labour market entered the COVID-19 shock following several years of sustained employment growth and with wages picking up. Unemployment remained high and employment rates were low, especially among women, the young and older workers. The shock led to a sharp fall in labour force...
Persistent link: https://www.econbiz.de/10012304424
This paper studies the effects of a voluntary skill certification scheme in an online freelancing labour market. The paper show that obtaining skill certificates increases a worker’s earnings. This effect is not driven by increased worker productivity but by decreased employer uncertainty. The...
Persistent link: https://www.econbiz.de/10011975637
Human capital is key for economic growth. Not only is it linked to aggregate economic performance but also to each individual’s labour market outcomes. However, a skilled population is not enough to achieve high and inclusive growth, as skills need to be put into productive use at work. Thanks...
Persistent link: https://www.econbiz.de/10010392970
This paper reviews and synthesizes the literature on the macroeconomic implications of human capital theory. I begin …
Persistent link: https://www.econbiz.de/10014247921
This paper proposes a new measure of skills mismatch that combines information about skill proficiency, self-reported mismatch and skill use. The theoretical foundations underling this measure allow identifying minimum and maximum skill requirements for each occupation and to classify workers...
Persistent link: https://www.econbiz.de/10010257910
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