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Pré-Publication, Document De Travail Année : 2015

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

Résumé

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 using a calibration on the french economy
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Dates et versions

hal-01292113 , version 1 (22-03-2016)

Identifiants

  • HAL Id : hal-01292113 , version 1

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Arnaud Cheron, Anthony Terriau. Search frictions and (in)efficient vocational training over the life-cycle. 2015. ⟨hal-01292113⟩

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