Training and Contracts: Some Dynamic Aspects of Human Capital Formation

Gareth Myles ()

No 268355, Economic Research Papers from University of Warwick - Department of Economics

Abstract: A contracts-based model of the provision of training and employment with overlapping generations of workers is developed. Attention is focused on the role of imperfect capital markets in the determination of contracts and on intertemporal variations in the levels of training and employment, these may exhibit cyclical or chaotic behaviour.

Keywords: Labor and Human Capital; Teaching/Communication/Extension/Profession (search for similar items in EconPapers)
Pages: 21
Date: 1989-07-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:268355

DOI: 10.22004/ag.econ.268355

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