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2011-02-21Buch DOI: 10.18452/4301
Human Capital Formation on Skill-Specific Labor Markets
dc.contributor.authorXie, Runli
dc.date.accessioned2017-06-16T00:18:11Z
dc.date.available2017-06-16T00:18:11Z
dc.date.created2011-04-19
dc.date.issued2011-02-21
dc.date.submitted2011-02-21
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4953
dc.description.abstractHuman capital investment is formed through households' endogenous decision, and competes with physical capital investment. Idiosyncratic shock shifts the skilled labor share and changes tightness in both skilled and unskilled markets. Given inelastic labor participation, the model can generate downward-sloping Beveridge curves in aggregate, skilled and unskilled labor markets. Upon a neutral shock, total unemployment decrease is two-staged: firstly with a reduction in unskilled unemployment, and then due to a sharp decline of skilled unemployment when skill substitution dominates. A higher elasticity of substitution between two types of labor leads to higher volatility of the model variables and higher u - v correlation.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.subjectsearch and matchingeng
dc.subjectskill-specific unemploymenteng
dc.subjecthuman capital investmenteng
dc.subjectidiosyncratic shockeng
dc.subjectskill substitutioneng
dc.subject.ddc330 Wirtschaft
dc.titleHuman Capital Formation on Skill-Specific Labor Markets
dc.typebook
dc.identifier.urnurn:nbn:de:kobv:11-100185789
dc.identifier.doihttp://dx.doi.org/10.18452/4301
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages44
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2011
local.edoc.container-issue11
local.edoc.container-year2011
local.edoc.container-erstkatid2195055-6

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