Human Capital Investments and Market Imperfections

Espen R. Moen

No 08/1996, Memorandum from Oslo University, Department of Economics

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.

Keywords: HUMAN RESOURCES; UNEMPLOYMENT; BARGAINING (search for similar items in EconPapers)
JEL-codes: J20 J24 J64 J41 (search for similar items in EconPapers)
Date: 1996
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Persistent link: http://EconPapers.repec.org/RePEc:hhs:osloec:1996_008

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