Loss of Skill and Retraining in a Matching Model
AbstractThis is a matching model with two types of skills, low and high, where the high skill is acquired through training in schools, the introduction of which is the main innovation of this paper. The search externalities make the competitive equilibrium differ from the social planners steady state and in order to make the decentralized economy efficient, some public policies are studied along with their viability.
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Bibliographic InfoPaper provided by CIRJE, Faculty of Economics, University of Tokyo in its series CIRJE F-Series with number CIRJE-F-353.
Length: 17 pages
Date of creation: Jul 2005
Date of revision:
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