Human Capital Investments and Market Imperfections
We analyze how frictions in the labour market influence the accumulation of general human capital. We find that investments in human capital benefits future employers, and that this positive externality leads to under-investments in human capital, and possibly top multiple, Pareto rankable equilibria.
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|Date of creation:||1996|
|Date of revision:|
|Contact details of provider:|| Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway|
Phone: 22 85 51 27
Fax: 22 85 50 35
Web page: http://www.oekonomi.uio.no/indexe.html
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