Human Capital Externalities with Monopsonistic Competition

Leo Kaas ()

No 3729, IZA Discussion Papers from Institute for the Study of Labor (IZA)

Abstract: This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model of monopsonistic competition. Multiple equilibria arise because of a strategic complementarity in investment decisions.

Keywords: externalities; human capital; multiple equilibria (search for similar items in EconPapers)
JEL-codes: D43 J24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-hrm, nep-lab, nep-mic and nep-ure
Date: 2008-09

Downloads: (external link)
http://ftp.iza.org/dp3729.pdf (application/pdf)

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: http://EconPapers.repec.org/RePEc:iza:izadps:dp3729

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute for the Study of Labor (IZA)
Address: IZA, P.O. Box 7240, D-53072 Bonn, Germany
Contact information at EDIRC.
Series data maintained by Mark Fallak ().