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Human Capital Investments and Market Imperfections

Author

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  • Moen, E.R.

Abstract

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.

Suggested Citation

  • Moen, E.R., 1996. "Human Capital Investments and Market Imperfections," Memorandum 1996_008, Oslo University, Department of Economics.
    • Handle: RePEc:hhs:osloec:1996_008
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    Cited by:

    1. Jansen, Marcel, 2003. "Can job competition prevent hold-ups?," UC3M Working papers. Economics we035120, Universidad Carlos III de Madrid. Departamento de Economía.

    More about this item

    Keywords

    HUMAN RESOURCES; UNEMPLOYMENT; BARGAINING;
    All these keywords.

    JEL classification:

    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts

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