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Nonmonotonic relationship between human capital and unemployment: an exploratory study with empirical evidence on Singapore

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  • Kong Weng Ho
  • Randy Tan

Abstract

We examine empirically the role of human capital, together with global and domestic technologies, in the evolution of unemployment in Singapore. Our results show a threshold level of human capital, below (above) which increases (decreases) in human capital will reduce (raise) unemployment. This nonmonotonic relationship is caused by a greater substitution from labour toward technology feasible at higher levels of human capital.

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  • Kong Weng Ho & Randy Tan, 2008. "Nonmonotonic relationship between human capital and unemployment: an exploratory study with empirical evidence on Singapore," Applied Economics Letters, Taylor & Francis Journals, vol. 15(15), pages 1177-1185.
    • Handle: RePEc:taf:apeclt:v:15:y:2008:i:15:p:1177-1185
    DOI: 10.1080/13504850500461399
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    Cited by:

    1. Sakib, S M Nazmuz, 2021. "Factors which are Affecting Human Capital in Singapore," Thesis Commons 38txr, Center for Open Science.
    2. Garrouste, Christelle & Kozovska, Kornelia & Arjona Perez, Elena, 2010. "Education and Long-Term Unemployment," MPRA Paper 25073, University Library of Munich, Germany.

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