期刊
ECONOMIC JOURNAL
卷 128, 期 609, 页码 652-682出版社
OXFORD UNIV PRESS
DOI: 10.1111/ecoj.12441
关键词
-
类别
资金
- Spanish Ministry of Science and Innovation
- Government of Catalonia
- European Social Fund
Why do more educated workers experience lower unemployment rates and lower employment volatility? Empirically, these workers have similar job finding rates but much lower and less volatile separation rates than their less educated peers. We argue that on-the-job training, being complementary to formal education, is the reason for this pattern. Using a search and matching model with endogenous separations, we show that investments in match-specific human capital reduce incentives to separate but leave the job finding rate essentially unaffected. The model generates unemployment dynamics quantitatively consistent with the data. Finally, we provide novel empirical evidence supporting the mechanism studied in the article.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据