Search frictions and (in)efficient vocational training over the life-cycle

This paper examines life cycle vocational training investments in the context of a model with search frictions. We emphasize that related externalities are agedependent, and this can require an hump-shaped subsidy rate of training costs to restore social efficiency. These results are illustrated usi...

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Bibliographic details

Main Author:	Cheron, Arnaud Terriau, Anthony
Format:	Paper
Language:	English
Subjects:	Economics and Finance Humanities and Social Sciences life cycle vocational training search frictions
Online Access:	available in Bonn?
Database:	Hyper Article en Ligne (HAL) (Open Access) Hyper Article en Ligne (HAL) Database information Databases - DBIS