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Human Capital Investments and Market Imperfections

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Author Info
Moen, E.R.

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Abstract

We analyze how frictions in the labour market influence the accumulation of general human capital. We find that investments in human capital benefits future employers, and that this positive externality leads to under-investments in human capital, and possibly top multiple, Pareto rankable equilibria.

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Publisher Info
Paper provided by Oslo University, Department of Economics in its series Memorandum with number 08/1996.

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Length: 22 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:hhs:osloec:1996_008

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Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Phone: 22 85 51 27
Fax: 22 85 50 35
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Web page: http://www.oekonomi.uio.no/indexe.html
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Related research
Keywords: HUMAN RESOURCES; UNEMPLOYMENT; BARGAINING;

Find related papers by JEL classification:
J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Marcel Jansen, 2003. "Can Job Competition Prevent Hold-Ups?," Economics Working Papers we035120, Universidad Carlos III, Departamento de Economía. [Downloadable!]
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This page was last updated on 2009-11-26.

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