Labor market search, informality, and on-the-job human capital accumulation

Matteo Bobba, Luca Flabbi, Santiago Levy and Mauricio Tejada

Post-Print from HAL

Abstract: We develop a search and matching model where rms and workers produce output that depends both on match-specic productivity and worker-specic human capital. The human capital is accumulated while working but depreciates while searching for a job. Jobs can be formal or informal. The model is estimated on labor market data for Mexico. Human capital accumulation is responsible for more than half of the overall value of production, and upgrades more quickly while working formally than informally. Policy experiments reveal that human capital accumulation magnies the negative impact on productivity of the labor market institutions that give raise to informality.

Keywords: Labor market frictions; Search and matching; Nash bargaining; Informality; Onthe Job human capital accumulation. (search for similar items in EconPapers)
Date: 2021-08
New Economics Papers: this item is included in nep-dge and nep-iue
Note: View the original document on HAL open archive server: https://hal.science/hal-03248487v1
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Published in Journal of Econometrics, 2021, 223 (2), pp.433-453. ⟨10.1016/j.jeconom.2019.05.026⟩

Downloads: (external link)
https://hal.science/hal-03248487v1/document (application/pdf)

Related works:
Journal Article: Labor market search, informality, and on-the-job human capital accumulation (2021)
Working Paper: Labor Market Search, Informality, and On-The-Job Human Capital Accumulation (2019)
Working Paper: Labor Market Search, Informality, and On-The-Job Human Capital Accumulation (2019)
Working Paper: Labor Market Search, Informality, and On-The-Job Human Capital Accumulation (2019)
Working Paper: Labor Market Search, Informality, and On-The-Job Human Capital Accumulation (2019)
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:hal:journl:hal-03248487

DOI: 10.1016/j.jeconom.2019.05.026

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().