Skill gaps: existence and efficiency

Given the interdependences between human capital accumulation and technological change, skill gaps may arise in equilibrium. However, they are not necessarily inefficient, and in this paper we present a model in which the simple absence of such a skill gap can be inefficient.

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Year of publication:	2002-09-25
Authors:	Pueyo, Fernando ; Sanso, Marcos
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 15.2002, 6, p. 1-7
Publisher:	AccessEcon
Subject:	efficiency

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Extent:	application/pdf
Type of publication:	Article
Classification:	O3 - Technological Change; Research and Development ; O4 - Economic Growth and Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010630085