Human capital formation on skill-specific labor markets.

Autor/in	Xie, Runli
Institution	Sonderforschungsbereich Ökonomisches Risiko
Titel	Human capital formation on skill-specific labor markets.
Quelle	Berlin: SFB 649, Economic Risk (2011), 41 S., 606,61 KB PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	Sonderforschungsbereich Ökonomisches Risiko. Discussion paper. 2011-011
Sprache	englisch
Dokumenttyp	online; Monographie; Graue Literatur
Schlagwörter	Substitution; Elastizität; Ungleichheit; Humankapital; Konjunktur; Arbeitslosigkeit; Arbeitsmarkttheorie; Arbeitsplatzsuchtheorie; Berufliche Qualifikation; Niedrig Qualifizierter; Qualifikation; Fachkraft
Abstract	"This paper focuses on the dynamic link between skill-specific labor markets with search frictions. Human 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." (Author's abstract, IAB-Doku). Forschungsmethode: Theoriebildung; Grundlagenforschung.
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2012/2