Skill Obsolescence, Vintage Effects and Changing Tasks
نویسندگان
چکیده
منابع مشابه
Experience vs. obsolescence: A vintage-human-capital model
I introduce endogenous human-capital accumulation into an infinitehorizon version of Chari & Hopenhayn’s (1991) vintage-human-capital model. Different skill levels inside a vintage are complementary in production. I establish equivalence between competitive equilibrium and a planner’s problem, which ensures uniqueness of equilibrium. Returns to skill and tenure premia are highest in young vinta...
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ژورنال
عنوان ژورنال: Applied Economics Quarterly
سال: 2009
ISSN: 1611-6607,1865-5122
DOI: 10.3790/aeq.55.1.83