Academic
Publications
A theory of education, unemployment and job mobility

A theory of education, unemployment and job mobility,Bruno DECREUSE,Pierre GRANIER

A theory of education, unemployment and job mobility  
BibTex | RIS | RefWorks Download
This paper offers a theoretical perspective on the interactions between edu- cation and different aspects of mobility on the labour market. We propose a search equilibrium model in which the length of schooling defines the number of occupa- tions a worker can apply for — what we term job mobility. Returns to education are twofold: there are status-mobility returns, since education raises a person's chance of leaving unemployment; but there are also wage-mobility returns, as education raises the speed at which one climbs the wage ladder. Unemployment incidence and du- ration as well as wage dispersion provide incentives to schooling; in turn, labour demand and wage dispersion respond to education investments. Unlike status- mobility returns, wage-mobility returns to schooling are not matched by a social gain, and workers over-educate. A combination of minimum wage and schooling fee can restore social efficiency.
Cumulative Annual
View Publication
The following links allow you to view full publications. These links are maintained by other sources not affiliated with Microsoft Academic Search.