BARTHELEMY, Vincent; DECREUSE, Bruno - In: Annales d'Economie et de Statistique (2002) 65, pp. 34-54
We construct a matching model of both skilled and unskilled unemployment, in which heterogeneous agents have to choose whether to become skilled or not, and how much education (a duration) to acquire. The decentralized economy may exhibit multiple equilibria, of which those exhibiting the...