The Labour Market As A Job-Seeking Contest: Human Capital, Intergenerational Mobility, and Growth

Raimondello Orsini ()

Working Papers from Dipartimento Scienze Economiche, Universita' di Bologna

Abstract: With a fixed hierarchy of jobs, workers engage in a rent-seeking game based on their individual levels of human capital, in order to obtain high-paying positions in the social division of labour. The macroeconomic effects of the worker`s quest for privileged positions are studied through the numerical simulation of an OLG model with credit rationing and neural network expectations. The model shows that a higher turnover and higher meritocracy degree in the job-allocation mechanisms is bound to lead to greater economic growth.

Date: 1998-12
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://amsacta.unibo.it/4977/1/332.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: https://EconPapers.repec.org/RePEc:bol:bodewp:332

Access Statistics for this paper

More papers in Working Papers from Dipartimento Scienze Economiche, Universita' di Bologna Contact information at EDIRC.
Bibliographic data for series maintained by Dipartimento Scienze Economiche, Universita' di Bologna ().