Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/35067
Authors: 
Kaas, Leo
Year of Publication: 
2008
Series/Report no.: 
IZA discussion papers 3729
Abstract: 
This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model of monopsonistic competition. Multiple equilibria arise because of a strategic complementarity in investment decisions.
Subjects: 
Externalities
human capital
multiple equilibria
JEL: 
D43
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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