This paper develops a model of search on the labour market with training. The model reveals how the tax system can restore the social optimum if the Hosios condition is not satisfied in the private equilibrium. Furthermore, the effects are explored of a second-best reform from average to...

This paper develops a dynamic supply and demand model of occupational choice and applies it to the engineering profession. The model is largely successful in understanding data in the U.S. engineering labor market. The engineering market responds strongly to economic forces. The demand for...

Este artículo resume los desafíos que enfrenta la educación en América Latina y los principales resultados del logro educativo en el mercado del trabajo, en medio de severas desigualdades de ingreso y sociales de larga data y ante los efectos de la globalización. El artículo sugiere...