Occupational Choice and Dynamic Indeterminacy

Kazuo Mino, Koji Shimomura and Pin Wang

MPRA Paper from University Library of Munich, Germany

Abstract: This paper constructs a two-sector model of two-period lived overlapping generations with endogenous occupational choice where ability-heterogeneous agents choose whether to become educated when young and henceforth to become skilled when old. We show that endogenous occupational choice in this two-sector framework can result in dynamic indeterminacy without complicate preferences/technologies and without requiring the consumption-good production to be more capital-intensive.

Keywords: occupational choice; overlapping generations; indeterminacy of equilibrium (search for similar items in EconPapers)
JEL-codes: D90 J24 O41 (search for similar items in EconPapers)
Date: 2004-07
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https://mpra.ub.uni-muenchen.de/16998/1/MPRA_paper_16998.pdf original version (application/pdf)

Related works:
Journal Article: Occupational Choice and Dynamic Indeterminacy (2005)
Working Paper: Occupational Choice and Dynamic Indeterminacy (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:16998

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