Literaturnachweis - Detailanzeige
Autor/in | Jackson, Peter |
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Titel | Equilibrium underemployment. |
Quelle | In: Labour economics, (2023) 81, Art. 102334
PDF als Volltext |
Sprache | englisch |
Dokumenttyp | online; Zeitschriftenaufsatz |
ISSN | 0927-5371 |
DOI | 10.1016/j.labeco.2023.102334 |
Schlagwörter | Bildung; Bildungsförderung; Bildungsertrag; Humankapital; Arbeitsmarktgleichgewicht; Gleichgewichtstheorie; Investition; Unterbeschäftigung; Arbeitskräfteangebot; Arbeitslosenquote; Überqualifikation; Subventionierung; Auswirkung; Hochschulabsolvent; Hoch Qualifizierter; USA |
Abstract | "This paper develops a model of human capital investment in a frictional labor market with two-sided heterogeneity and liquidity constraints. The model generates underemployment in equilibrium: workers are employed in jobs for which they are over-qualified. Subsidizing education can decrease the returns to human capital investment, increase the underemployment rate, and decrease the unemployment rate. I calibrate the model to the U.S. economy and find the aggregate supply of human capital and underemployment rate are inefficiently low. The constrained-efficient allocation is implemented by increasing unemployment benefits and subsidizing both the creation of high-skill jobs and human capital investment." The study refers to the period 1992-2017. (Author's abstract, IAB-Doku, © 2023 Elsevier).. |
Erfasst von | Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg |
Update | 2023/1 |