We estimate a partial and general equilibrium search model in which firms and workers choose how much time to invest in both general and match-specific human capital. To help identify the model parameters, we use NLSY data on worker training and we match moments that relate the incidence and...

In this paper we estimate a model of general and human capital investment within a partial equilibrium model of search. The estimated model enables us to determine the production technology for both types of human capital and to assess their value in the sense of productivity and welfare of...

We estimate a partial and general equilibrium search model in which firms and workers choose how much time to invest in both general and match-specific human capital. To help identify the model parameters, we use NLSY data on worker training and we match moments that relate the incidence and...