Éducation et chômage dans les modèles d'appariement: une revue de littérature

Olivier Charlot

Economie & Prévision, 2005, vol. n° 169-170-171, issue 3, 73-103

Abstract: This article surveys the literature that uses matching models to analyze the relationship between education and unemployment. The aim is to explain the existence of a positive correlation between education and unemployment observed in some European countries over the past decades. The literature emphasizes two mechanisms : (1) unemployment may raise the incentives to education, as education reduces the chances of being unemployed; (2) higher educational attainmentmayincrease unemployment,atleast forthelessskilled. The final sectionexaminesthe efficiency of education decisions in an unemployment context. Workers may under-invest in education owing to a hold-up problem, but may over-invest because education increases the probability of leaving unemployment.

Keywords: returns to education; human capital; matching friction; social efficiency (search for similar items in EconPapers)
Date: 2005
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Journal Article: Éducation et chômage dans les modèles dappariement: une revue de littérature (2005)
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