Publikation:

Human capital investment with competitive labor search

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2011

Autor:innen

Zink, Stefan

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http://nbn-resolving.de/urn:nbn:de:bsz:352-166992
DOI (zitierfähiger Link)
https://doi.org/10.1016/j.euroecorev.2010.07.004
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Open Access-Veröffentlichung

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Published

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European Economic Review. 2011, 55(4), pp. 520-534. ISSN 0014-2921. Available under: doi: 10.1016/j.euroecorev.2010.07.004

Zusammenfassung

We study human capital accumulation in the presence of labor search frictions. Given that unemployed workers can default on their education loans, skilled individuals with a larger debt burden prefer riskier but better paid careers than is socially desirable. A higher level of employment risk in turn depresses the skill premium and the incentives to invest in education. The equilibrium allocation is characterized by too low employment, underinvestment by the poor, and too little investment in skill-intensive technologies. A public education system funded by graduate taxes can restore efficiency, and it would also reduce wage inequality.

Zusammenfassung in einer weiteren Sprache

Fachgebiet (DDC)
330 Wirtschaft

Schlagwörter

Directed, search, Investment, Education, finance

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ISO 690KAAS, Leo, Stefan ZINK, 2011. Human capital investment with competitive labor search. In: European Economic Review. 2011, 55(4), pp. 520-534. ISSN 0014-2921. Available under: doi: 10.1016/j.euroecorev.2010.07.004
BibTex
@article{Kaas2011Human-16699,
  year={2011},
  doi={10.1016/j.euroecorev.2010.07.004},
  title={Human capital investment with competitive labor search},
  number={4},
  volume={55},
  issn={0014-2921},
  journal={European Economic Review},
  pages={520--534},
  author={Kaas, Leo and Zink, Stefan}
}
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