Matching Human Capital and Displacement

Varadarajan Chari and H.A. Hopenhayen

RCER Working Papers from University of Rochester - Center for Economic Research (RCER)

Abstract: Traditional analyses of the role of human capital in labour market have focused on theoretical extremes in which capital is either purely match-specific or perfectly transferable. The purpose of this paper is to develop a simple decision-theoretic model that considers this reallocation problem. In our model, the quality of a match between a firm and a worker determines the transferability of previously acquired capital.

Keywords: HUMAN CAPITAL; MODELS (search for similar items in EconPapers)
JEL-codes: J24 J41 (search for similar items in EconPapers)
Pages: 19 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:roc:rocher:414

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