Incomplete markets, labor supply and capital accumulation
نویسندگان
چکیده
منابع مشابه
Intertemporal Labor Supply and Human Capital Accumulation ∗
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Does capital-embodied technological change play an important role in shaping labor market outcomes? To address this question, we develop a model with vintage capital and search-matching frictions where irreversible investment in new vintages of capital creates heterogeneity in productivity among both vacant and matched firms. We demonstrate that capital-embodied technological change reduces lab...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2007
ISSN: 0304-3932
DOI: 10.1016/j.jmoneco.2006.12.011