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Searching, Matching and Education: a Note

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Abstract

In this paper the individual optimal level of education is set in a frictional labor market, where matching is not perfect. Also search frictions are a function of the average education can improve economic efficiency, not only through improvements in workers productivity, but also making the matching process more efficient, and thus reducing the unemployment level.

Suggested Citation

  • João Cerejeira Silva, 2005. "Searching, Matching and Education: a Note," NIPE Working Papers 11/2005, NIPE - Universidade do Minho.
    • Handle: RePEc:nip:nipewp:11/2005
    as

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    File URL: http://www3.eeg.uminho.pt/economia/nipe/docs/2005/NIPE_WP_11_2005.PDF
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    References listed on IDEAS

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    1. Bagliano, Fabio-Cesare & Bertola, Giuseppe, 2007. "Models for Dynamic Macroeconomics," OUP Catalogue, Oxford University Press, number 9780199228324.
    2. Daron Acemoglu, 1997. "Training and Innovation in an Imperfect Labour Market," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 64(3), pages 445-464.
    3. Derek Laing & Theodore Palivos & Ping Wang, 1995. "Learning, Matching and Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 62(1), pages 115-129.
    4. Daron Acemoglu, 1996. "A Microfoundation for Social Increasing Returns in Human Capital Accumulation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(3), pages 779-804.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Education; Externalities; Search; Matching; Unemployment.;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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