We develop a simple search equilibrium model of workplace training and education based on two features. First …, investment in education improves job-related learning skills and reduces training costs burdened by firms. Second, firms with … has both a higher inflow rate into unemployment and a higher efficiency of the matching process. While the combined effort …

We develop a simple search equilibrium model of workplace training and education based on two features. First …, investment in education improves job-related learning skills and reduces training costs burdened by firms. Second, firms with … has both a higher inflow rate into unemployment and a higher efficiency of the matching process. While the combined effort …

-Mortensengeneral equilibrium search model. The data contain sufficientinformation on wages, labor force states, durations, and transitionsto … generate estimates of the model's structural parameters. Ouranalysis compares the relative labor market search friction … forblack and white male household heads. In general we find blacks facegreater search friction while unemployed than whites …