Skill flows: A theory of human capital and unemployment
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DOI: 10.1016/j.red.2018.12.004
Abstract: I present a theoretical macroeconomic model that investigates the link between long-run growth and labor-market dynamics. Workers accumulate human capital on the job, while suffering human capital depreciation during unemployment. On the aggregate level, high… read more here.
Keywords: capital; theory human; unemployment; flows theory ... See more keywords