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Muysken, John; Zwick, Thomas - 1999

This paper demonstrates that insiders can erect barriers to entry and skim rents by sinking costs in human capital when labour markets are otherwise perfectly contestable. The sunk costs nature of human capital investments may result from the need to satisfy ever increasing specialised skill...

Persistent link: https://www.econbiz.de/10013428249

Public capital and private investment, a real option approach

Cruz, Bruno de Oliveira; Pommeret, Aude - 2015

In this paper, we extend the usual models of irreversible investment under uncertainty by introducing the stock of … public capital as an input for the private sector. Public investment takes place in a stochastic environment. Public capital … equilibrium analysis, as it is standard in models of irreversible investment under uncertainty. Even under uncertainty, the …

Persistent link: https://www.econbiz.de/10012038764

Working life and human capital investment

Gohl, Niklas; Haan, Peter; Kurz, Elisabeth; Weinhardt, Felix - 2021

Persistent link: https://www.econbiz.de/10012509950

Optimal redistribution and education signaling

Bastani, Spencer; Blumḳin, Tomer; Micheletto, Luca - 2024

Persistent link: https://www.econbiz.de/10015055877

Regional favoritism and human capital accumulation in Africa

Asatryan, Zareh; Baskaran, Thushyanthan; Hufschmidt, Patrick - 2021

We study the long-run implications of regional and ethnic favoritism in Africa. Combining geocoded individual-level survey data from the Demographic and Health Survey (DHS) with data on national leaders’ birthplaces across 41 African countries, we explore the educational attainment of adults...

Persistent link: https://www.econbiz.de/10012492849