Specific Human Capital and Wait Unemployment

A displaced worker might rationally prefer to wait through a long spell of unemployment instead of seeking employment at a lower wage in a job he is not trained for. I evaluate this trade-off using micro-data on displaced workers. To achieve identification, I exploit that the more a worker invested...

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Bibliographic details
Main Author: Herz, Benedikt
Format: Publication
Language: English
Place of publication: 01.02.2017
Data of publication: 2017-02-01
Subjects:
Online Access: available in Bonn?
Database: OpenAIRE
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