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
Online Access: available in Bonn?
Database: Hyper Article en Ligne (HAL) (Open Access)
Hyper Article en Ligne (HAL)
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