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J. Mon. Ec. 2015, 10(1): 23-62 Back to browse issues page
Productivity Investment and Labor Force Participation in Search Equilibrium
Homa Esfahanian
University of Tehran
Abstract:   (2036 Views)

The present paper contributes to the theoretical analysis of the human capital investment and participation decision of heterogeneous workers in the search and matching framework‎. ‎Its aim is to characterize the equilibrium and to identify the efficiency‎. ‎Here‎, the paper studies search equilibrium and matching to consider the participation decision of heterogeneous workers who have different inherent ability levels‎. ‎The productivity investment decision is endogenous and wages are determined by the Nash bargain among participants.

JEL Classifications: J23, J24

Keywords: Education‎, ‎Participation‎, ‎Efficiency‎, ‎Hold-up problem
Full-Text [PDF 681 kb]   (792 Downloads)    
Type of Study: Original Research - Theoric | Subject: Macroeconomics
Received: 14 Apr 2016 | Accepted: 7 Jun 2016 | Published: 15 Jan 2015
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Esfahanian H. Productivity Investment and Labor Force Participation in Search Equilibrium. J. Mon. Ec.. 2015; 10 (1) :23-62
URL: http://jme.mbri.ac.ir/article-1-187-en.html


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Volume 10, Issue 1 (Winter 2015) Back to browse issues page
Journal of Money and Economy Journal of Money And Economy
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