The Labour Market As A Job-Seeking Contest: Human Capital, Intergenerational Mobility, and Growth

Orsini, Raimondello (1998) The Labour Market As A Job-Seeking Contest: Human Capital, Intergenerational Mobility, and Growth. Bologna: Dipartimento di Scienze economiche DSE, p. 29. DOI 10.6092/unibo/amsacta/4977. In: Quaderni - Working Paper DSE (332). ISSN 2282-6483.
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Abstract

With a fixed hierarchy of jobs, workers engage in a rent-seeking game based on their individual levels of human capital, in order to obtain high-paying positions in the social division of labour. The macroeconomic effects of the worker`s quest for privileged positions are studied through the numerical simulation of an OLG model with credit rationing and neural network expectations. The model shows that a higher turnover and higher meritocracy degree in the job-allocation mechanisms is bound to lead to greater economic growth.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Orsini, Raimondello
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ISSN
2282-6483
DOI
Deposit date
05 Apr 2016 09:27
Last modified
05 Apr 2016 09:27
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