Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/101918 
Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 8341
Verlag: 
Institute for the Study of Labor (IZA), Bonn
Zusammenfassung: 
The efficiency of educational choices is studied in a search-matching model where individuals face a tradeoff: acquiring formal education or learning while on the job. When their education effort is successful, newcomers directly obtain a high-skill job; otherwise, they begin with a low-skill job, learn-by-doing and then search while on-the-job for a high-skill job. Low-skill firms suffer from hold-up behavior by high-skill firms. The low-skill sector is insufficiently attractive and individuals devote too much effort to formal education. A self-financing tax and subsidy policy restores market efficiency.
Schlagwörter: 
formal education
learning-by-doing
market efficiency
on-the-job search
search unemployment
JEL: 
H21
I20
J21
J64
J68
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
481.4 kB





Publikationen in EconStor sind urheberrechtlich geschützt.