We study a matching model of the labor market, where wages are determined by rent sharing. Workers invest in human capital before they join the labour market.
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Paper provided by Oslo University, Department of Economics in its series Memorandum with number
21/1996.
Find related papers by JEL classification: J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
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