Loss of Skill and Retraining in a Matching Model
This is a matching model with two types of skills, low and high, where the high skill is acquired through training in schools, the introduction of which is the main innovation of this paper. The search externalities make the competitive equilibrium differ from the social planners steady state and in order to make the decentralized economy efficient, some public policies are studied along with their viability.
|Date of creation:||Jul 2005|
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