Summary This paper considers training, mobility decisions and wages together to test for the specificity of human … capital contained in continuing training courses. We empirically analyse the relationship between training, mobility and wages … in two ways. First, we examine the correlation between training and mobility. In a second step, we consider wage effects …

The matching of likes is a frequently observed phenomenon. However, for such assortative matching to arise in a search … model, often implausibly strong conditions are required. This paper shows that, once signals are introduced, a search model … of random search, which creates in effect an almost frictionless environment. Hence the unique separating equilibrium in …