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Chômage d'équilibre, dépréciation du capital humain général et subvention optimale à la formation

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  • Pascal Belan
  • Arnaud Chéron

Abstract

We analyse the optimal subsidy scheme of continuous vocational training in general human capital, considering a frictional labor market with general human capital depreciation during unemployment spell. When matched with a worker, a firm does not ex ante observe whether the worker has up-to-date knowledge or not. The model allows to identify two externalities ; their respective correlations with the human capital depreciation rate have opposite signs. We then show that a rise in the depreciation rate during unemployment spell does not necessarily imply higher training subsidies.

Suggested Citation

  • Pascal Belan & Arnaud Chéron, 2011. "Chômage d'équilibre, dépréciation du capital humain général et subvention optimale à la formation," Revue d'économie politique, Dalloz, vol. 121(2), pages 209-231.
  • Handle: RePEc:cai:repdal:redp_212_0209
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