Search frictions and (in)efficient vocational training over the life-cycle

Arnaud Cheron and Anthony Terriau

Working Papers from HAL

Abstract: This paper examines life cycle vocational training investments in the context of a model with search frictions. We emphasize that related externalities are agedependent, and this can require an hump-shaped subsidy rate of training costs to restore social efficiency. These results are illustrated using a calibration on the french economy

Keywords: life cycle; search frictions; vocational training (search for similar items in EconPapers)
Date: 2015-11
New Economics Papers: this item is included in nep-dge and nep-mac
Note: View the original document on HAL open archive server: https://hal.science/hal-01292113
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Working Paper: Search frictions and (in)efficient vocational training over the life-cycle (2015)
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