Éducation et chômage dans les modèles d'appariement : une revue de littérature

This article surveys the literature that uses matching models to analyze the relationship between education and unemployment. The aim is to explain the existence of a positive correlation between education and unemployment observed in some European countries over the past decades. The literature emphasizes two mechanisms : (1) unemployment may raise the incentives to education, as education reduces the chances of being unemployed; (2) higher educational attainmentmayincrease unemployment,atleast forthelessskilled. The final sectionexaminesthe efficiency of education decisions in an unemployment context. Workers may under-invest in education owing to a hold-up problem, but may over-invest because education increases the probability of leaving unemployment.