This paper examines the impact of labor market frictions and institutions on the divide of schooling investment between … allocation towards more general skills. Then, we endogenize job creation and argue that changes in labor market institutions may …

This paper examines the impact of labor market institutions covering the risk of unemployment on the nature of … educational investment. We offer a matching model of unemployment in which individuals of a given education determine the scope … (or adaptability) and intensity (or productivity) of their human capital before entering the labor market. Our model …

workers are located on a knowledge space. Education widens the measure of the knowledge subset that the worker embodies, while …, risk aversion motivates a precautionary demand for education, which in turn creates income risk through firms …