IDEAS home Printed from https://ideas.repec.org/a/taf/glecrv/v48y2019i4p440-462.html
   My bibliography  Save this article

Skill Accumulation in the Search Unemployment Model

Author

Listed:
  • Yong Kim

Abstract

I analyze general skill accumulation (training) and its financing among labor market entrants in a search unemployment equilibrium. Becker's general skill finance rule is modified for a search economy: although skill accumulation is associated with a hold-up problem, since it benefits future job vacancies which workers expect to be matched with, if vacancies direct their search to workers of different skill levels, workers internalize this externality. An extended model analyzes whether to accumulate skills through training or education. Small differences in the relative cost of acquiring education can lead to large differences in skill levels in the labor market.

Suggested Citation

  • Yong Kim, 2019. "Skill Accumulation in the Search Unemployment Model," Global Economic Review, Taylor & Francis Journals, vol. 48(4), pages 440-462, October.
    • Handle: RePEc:taf:glecrv:v:48:y:2019:i:4:p:440-462
    DOI: 10.1080/1226508X.2019.1678395
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1226508X.2019.1678395
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1226508X.2019.1678395?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:glecrv:v:48:y:2019:i:4:p:440-462. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RGER20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.