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The Labour Market As A Job-Seeking Contest: Human Capital, Intergenerational Mobility, and Growth

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  • R. Orsini

Abstract

With a fixed hierarchy of jobs, workers engage in a rent-seeking game based on their individual levels of human capital, in order to obtain high-paying positions in the social division of labour. The macroeconomic effects of the worker`s quest for privileged positions are studied through the numerical simulation of an OLG model with credit rationing and neural network expectations. The model shows that a higher turnover and higher meritocracy degree in the job-allocation mechanisms is bound to lead to greater economic growth.

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  • R. Orsini, 1998. "The Labour Market As A Job-Seeking Contest: Human Capital, Intergenerational Mobility, and Growth," Working Papers 332, Dipartimento Scienze Economiche, Universita' di Bologna.
    • Handle: RePEc:bol:bodewp:332
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    Cited by:

    1. D. Fiaschi & R. Orsini, 1998. "Long Run Growth and Income Distribution in an Olg Model With Strategic Job-Seeking and Credit Rationing," Working Papers 331, Dipartimento Scienze Economiche, Universita' di Bologna.

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