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

Pascal Belan () and Arnaud Cheron

Revue d'économie politique, 2011, vol. 121, issue 2, 209-231

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.

Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=REDP_212_0209 (application/pdf)
http://www.cairn.info/revue-d-economie-politique-2011-2-page-209.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:repdal:redp_212_0209

Access Statistics for this article

More articles in Revue d'économie politique from Dalloz
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().