Segmentazione del mercato del lavoro ed acquisizione di capitale umano: un'applicazione delle catene di Markov

Andrea Lavezzi

STUDI ECONOMICI, 2001, vol. 2001/73, issue 73

Abstract: Segmentazione del mercato del lavoro ed acquisizione di capitale umano: un'applicazione delle catene di Markov (di Andrea Lavezzi) - ABSTRACT: This paper explores the possibility to apply Markov Chains to the study of human capital acquisition by a population of workers. In this sense it extends to human capital diffusion a framework already used to investigate other social processes. It is argued that the use of probabilities seems appropriate to synthesize the joint effects of the multiplicity of forces impinging on the process. The functioning of a labor market is therefore represented by a particular specification of state space and of different transition matrices of a Markov Chain. Labor market segmentation as to the possibility of skills acquisition is taken as a starting point to describe different dynamics, derived from the interaction of forces pushing towards upskilling and deskilling of the labor force. Emphasis is on the long run, stationary distributions of the population of workers.JEL Classification: J24, J42

Date: 2001
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