Human capital and market size

被引：0
|
作者：
Vives, Cecilia [1 ]
机构：
[1] Univ Basque Country UPV EHU, Dept Fundamentos Anal Econ 1, Ave Lehendakari Agirre 83, Bilbao 48015, Spain
来源：
PAPERS IN REGIONAL SCIENCE | 2019年 / 98卷 / 01期
关键词：
human capital; skill distribution; city size; matching; CITIES; WAGE; INEQUALITY;
D O I：
10.1111/pirs.12336
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper studies how the size of the labour market affects workers' decisions to invest in human capital. We consider a model of mismatch where firms rank workers according to their level of skills. The matching process operating in the market has the property that the job finding probability of workers depends on market size, market tightness and their ranking. The model is consistent with several facts highlighted in empirical studies: in bigger markets the distribution of human capital is more unequal and the returns to skill are higher.
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页码：75 / +
页数：19
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