:: Volume 10, Issue 1 (Winter 2015) ::
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:   (2090 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]   (813 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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Volume 10, Issue 1 (Winter 2015) Back to browse issues page