SPECIALIZATION AND HUMAN CAPITAL IN SEARCH EQUILIBRIUM | Zendy

Mukoyama Toshihiko | Zendy; Şahin Ayşegül | Zendy

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SPECIALIZATION AND HUMAN CAPITAL IN SEARCH EQUILIBRIUM

Author(s) -

Mukoyama Toshihiko,

Şahin Ayşegül

Publication year - 2006

Publication title -

journal of the european economic association

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 7.792

H-Index - 93

eISSN - 1542-4774

pISSN - 1542-4766

DOI - 10.1162/jeea.2006.4.2-3.503

Subject(s) - economics , human capital , general equilibrium theory , matching (statistics) , unemployment , investment (military) , affect (linguistics) , microeconomics , physical capital , labour economics , capital (architecture) , macroeconomics , market economy , history , linguistics , statistics , philosophy , mathematics , archaeology , politics , political science , law

This paper constructs a general equilibrium search‐matching model with heterogeneous workers. Workers choose whether to invest in general human capital or specific human capital when they enter the labor market. We analyze how unemployment benefits affect the choice of the type of human capital investment. (JEL: E24, J41, J64, J65)

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