Specialization and Human Capital in Search Equilibrium

Toshihiko Mukoyama and Aysegul Sahin

Cahiers de recherche from Centre interuniversitaire de recherche en économie quantitative, CIREQ

Abstract: This paper constructs a general equilibrium search-matching model with heterogeneous workers. Workers choose whether to invest in general human capital or specific human capital when they enter the labor market. We analyze how unemployment benefits affect the choice of the type of human capital investment.

Keywords: matching; specialization; unemployment insurance (search for similar items in EconPapers)
JEL-codes: E24 J41 J64 J65 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2005
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Journal Article: Specialization and Human Capital in Search Equilibrium (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:mtl:montec:26-2005

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